India: Is it viable to set up a Pellet plant?

Indian Iron Pellet capacity scaled up from around 12 MnT in FY09 to 66.6 MnT in FY14. Constant decline in Iron ore production because of mining bans in Karnataka and Goa, encouraged escalation in Pellet productions and enhancement in capacities.

In FY15, 24.6 MnT Pellet capacity expansions is projected to take place, which will mount to 107.2 MnT total installed capacity in FY17. Higher supply in contrast to demand will lead to rise in merchant availability and weigh on prices.

Upcoming Capacities in FY15

Is it viable to set up a Pellet plant?

• Will Pellet producers be able to utilize about 70% of total installed capacity?
• How will domestic prices react over excess capacity?
• Will India be a net exporter of Pellets?
• Will Pellet utilization increase to about 25-30% in blast furnace?

[su_box title=”To know all this be a part of India’s largest Pellet & DRI Summit” box_color=”#1157bf”]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]