Tag: Increased production
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India: Increased Production of Ingot will keep the Prices Range Bound
SteelMint sources confirmed that production of Ingot across the country has increased owing to raised conversion cost of Sponge to Ingot. The prices are up by INR 500-1,000/MT that resulted in re-starting of the furnaces, which were closed 1-2 months ago. What will be the impact of increased production of Ingot? Ingot/Billet: In all the…