I’m going to ask this question in the conf-call if I get the opportunity. In Q1 billets production was 93,470 tons out of rated capacity of 1L tons/Q (~93+% utilization). Probably another 7% billet capacity is available as they’ve paused billet expansion too. As far as my understanding goes wire/TMT rods which is the next value-added product is produced from billets.
Sponge iron expansion may give them more profitability (sponge iron realization better than pellets), but won’t solve the next stage billet bottle-neck for value-added products.
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