- Rolling mills produced at 60%-85% capacity on sponge iron and iron ore shortage
- Liquidity crisis, high input cost and low demand from automobile sector
- Price reduction this week: Kandla Rs 1,100/MT, South Rs 500/MT, Chhattisgarh Rs 400/MT, Rourkela Rs 400/MT, Mandi Rs 300/MT, Jalna Rs 300/MT & Durgapur Rs 100/MT
- Offers might start rising slowly if bookings are placed in good quantities
- Officials at Hira Group & Adhunik Metaliks Ltd remarked, “We don't see an improvement in buying activities and prices the next week”
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