Tag: South Africa
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India: Input cost pressures force sponge iron units to defer RB2 portside bookings
Portside trade in the South African RB2 (5,500 NAR) grade coal continued to remain under pressure this week as sponge iron manufacturers stayed on the sidelines amidst reduced capacity utilisations due to input costs pressures and a consequent preference for domestic coal. Several sponge iron units in the Chhattisgarh and Odisha clusters are reeling…