12
Jul
11:53
Rising iron ore price troubles secondary steel units
Unprecedented high iron ore and pellet prices are forcing small secondary steel units (non-blast furnace producers) in India to shut down or reduce steel production. In West Bengal (WB), five such micro, small, and medium enterprises (MSME) have closed down, while 100-115 others curtailed production by between 15-50%, according to the Steel Re-rolling Mills Association (SRMA).
Pellet prices have surged from INR 4500/tonnes ($60.35/t) in May 2020 to INR 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous