Tag: MS Ingot
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India: Conversion cost of Ingot and Billet increases further
Conversion cost from Sponge iron to MS Ingot and Billet increases from INR 8,000-9,000/MT owing to increased demand of commodity from Rolling Mills. Improved buying of Re-bar across the country has pushed up the demand of Semi Finish material (MS Ingot/MS Billet), which in turn has supported manufacturers to increase the MS Ingot/Billet prices. This…