Tag: Sponge Iron Price Correction
-
Indian Sponge Makers Eye on Raw Material Costing
Domestic sponge iron makers have been persistently under pressure since 3-4 months amidst high production cost and limited purchase by furnace operators, setting high price proportion to ingot/billet. This in turn has made sponge makers to eye on iron ore prices in order to reduce their production cost. Dwindling demand from semi finish and finished…