Tag: Conversion Increase
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India: MS Ingot/Billet Manufacturers show Relief as Conversion Increases
Conversion from Sponge Iron to MS Ingot/Billet increases from INR 7,500-8,500/MT owing to the low production by stand alone units Manufacturers. Price are supportive for Ingot/Billet market at present. SteelMint assessed that after shut down of some plants of Ingot in major market like Raipur, Durgapur, Mandi and Rourkela the conversion from Sponge to Ingot…