Tag: Sponge iron production India

Red Sea crisis elevates freights, delays delivery Cheaper sponge competes with overseas material Steel demand may improve in Q3, support scrap Morning Brief: India’s ferrous scrap imports declined by around 18% to 5.61 million tonnes (mnt) over January-August, 2024 (8MCY’24) compared to 6.82 mnt recorded in the corresponding period last year (CPLY), reveals BigMint data.…