Tag: Nepal Sponge Iron Imports

Nepal Billet Import Drops 24%; Sponge up 85% in Oct, M-o-M

Nov 5, 2019

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by

Ankita Dutta

in Sponge Iron

Nepal’s billet imports fell by 24% M-o-M to 53,122 MT in Oct’19 against 70,390 MT in Sept’19. Entire import volumes were recorded from India. Reason behind drop in billet imports was due to the festive mood, which resulted in drop in local finished steel production on account of weak demand in local market. Indian induction…