India’s Iron Pellet installed capacity was 66.6 MnT in FY14 and it is estimated to reach 91.2 MnT in FY15.
The country’s Pellet capacity has observed an exceptional growth since 2008 menacing from superior quality Iron ore Lumps dearth. Following enforcement of Iron ore mining ban in Karnataka (29 Jul’11) and Goa (5 Oct’12), Indian Iron ore production slumped enormously from 219 MnT in FY10 to 144 MnT in FY14.
Most of the plants are commissioned in states of Chhattisgarh and Odisha for captive consumption, however additional availability will show up in merchant market. Odisha will continue to be the major Pellet producing state for the reason that enough Iron ore is available and access to port will facilitate export sale.
Upcoming Capacities in FY15
What will be the future of Pellet Industry in India? What will be price trend? Who are the major buyers of Pellets?
[su_box title=”To know all this be a part of India’s largest Pellet & DRI Summit” box_color=”#0e5d85″]
SteelMint to conduct India’s largest conference cum exhibition on Pellet & Sponge Iron ‘Indian Pellet & DRI Summit 2014’ on 27 Jun, 2014 at ITC Sonar, Kolkata.
The event represents exclusive discussions on raw material (Pellet Sponge) availability, new technologies & innovations, Coal linkages, logistics issues and a buyer-seller meet with over 200 participants from more than 100 companies across India including some international participants. [/su_box]