Secondary steelmakers face double whammy as prices of key inputs rise

A paucity of coal in the domestic market is pushing upwards the prices of sponge iron. Meanwhile, there has also been a squeeze on the availability of scrap steel, which is largely imported. This is pushing up the price of the commodity.

Secondary steelmakers face double whammy as prices of key inputs rise
A paucity of coal in the domestic market is pushing upwards the prices of sponge iron. Meanwhile, there has also been a squeeze on the availability of scrap steel, which is largely imported. This is pushing up the price of the commodity.