India’s Iron Pellet capacity has seen a phenomenal escalation and attained multifold expansion during the preceding 4-5 years and is likely to continue in upcoming years.
On grounds of depleting Iron ore lumps and descending production since FY11, in the course of mining concerns, Pellet production has enhanced. India’s existing Pellet capacity is over 65 MnT and expected to add 25 MnT in fiscal year 2014-2015; supply is higher than demand.
In a recent study conducted by SteelMint & Steel 360, it was identified that Indian Pellet plants are operating at just over 60 percent of installed capacity.
State-wise Pellet Capacity Expansion in FY15
How will the 25 MnT additional Pellet capacities affect Indian Iron ore market in the role of Pellets pre-dominantly being consumed by Sponge iron manufactures?
[su_box title=”To know all this be a part of India’s largest Pellet & DRI Summit” box_color=”#225d95″]
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]
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