Indian Sponge Iron Production Rises Sharply in FY16 – Special Report

Sponge iron production in India touches 28 MnT in FY16 – SteelMint’s analysis.

India – the world’s largest sponge iron producer has registered an increase of 22% in its yearly sponge iron production. As per SteelMint’s analysis sponge iron production which was recorded at 23 MnT in FY15 surged by 22% Y-o-Y to 28 MnT in FY16.

SteelMint has compiled a special report on “Indian Sponge Industry Performance in FY16”. The report highlights the increasing sponge iron production in India and various factors that impact domestic sponge iron prices.

The report covers-

1. Present scenario of sponge iron industry in India
2. Sponge iron production rises sharply in FY16

a) India’s sponge iron capacity & production
b) Top sponge iron producers in India
c) Reasons behind increase in India’s sponge iron production

3. Key observations
4. Domestic sponge iron prices to remain subdued in FY17
5. Conclusions

Click here to view the full report on Indian Sponge Industry Performance in FY16