India continues to be world’s largest Sponge iron producer for over a decade now. However, capacity utilization has been just above 50% owing to restricted supply of Iron ore and other mining concerns.
India’s Sponge iron production was about 24 MnT in FY14, up by 25% from the previous financial year. Sponge iron industry is noticing a structural change because of rising availability of merchant Pellets, falling lump prices and anticipated increase in crude Steel production.
Where is Indian Sponge iron industry heading?
- Will Sponge iron production increase in FY15?
- Will Scrap imports to India fall or rise?
- Will Sponge iron manufacturers prefer Pellets over Lumps?
- Will mining ban in Odisha hurt merchant Iron ore supply?
- What will be the price difference between fines/lumps and Pellets?
[su_box title=”To know all this be a part of India’s largest Pellet & DRI Summit” box_color=”#1e66ae”]
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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