Author: Manish Vasdev

Sponge based Induction furnaces increase production on better margins, whereas Scrap based furnaces remain under pressure. Rising conversion in Sponge iron & MS Ingot has made Sponge based induction furnaces to increase their production. These units are largely located in India’s eastern region. It was assessed that with increasing supply of Pellet based Sponge (P-DRI),…