We have seen a steep increase in prices of steel scrap of 60%(now 750$/ton) in India during the last 20 days. Also cost of ferro alloys has shot up. HCFerromanganese costs now 3000$/ton and HCFerroChrome costs 2800$/ton,LC Ferro Chrome costs 6500$/ton. This has brought steel foundries and forging units to a complete halt. I would like to know from others the situation in their countries and any other information they might like to share.
Thanks in anticipation.
Chocolates,men,coffee: are somethings liked better rich!! (noticed in a coffee shop)
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