Only 2 days after lifting the ban on puchases, market slasheded steeply. Few day back where mills who were demanding 6 to 7 rs. per kg increase & telling that they have already booked for whole april have suddenly changed their attitude. Today they call 4-5 times in a day & demands for order with a increase of 5 rs. or even lesser which is a very dramatic scene.
It is also not good of our buyers (convertor), who fought for their rate increase a long way and now this news may undo their efforts.