Not really, the duty was imposed only in last month of Q1, and still pellet sales was down by around 20% because they knowingly used pellets more for internal consumption.
My guess is pellet sales from Q2 onwards will be 30-40% less vs normal quarter- as pellets will be used for internal consumption to make higher value added products.
The prices of value added products like billets, wire rod haven’t fallen at all. The fall is nominal at best.
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