Tag: Production cut of ingot
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Central India’s Sponge Iron Prices may fall further owing to high Inventory
Sponge prices corrected by 100-200/MT on W-o-W, due to production cut in Ingot/Billet manufacturing. SteelMint learned that production cut of Ingot/Billet has pushed down Sponge prices as selling pressure increases. Major the fall was seen in Central India market. In Central India, Sponge Iron availability has increased, that resulted in reduction of Sponge offers by…