Indian Sponge Manufacturers to increase Consumption of S. African Coal- Reports

With increasing Sponge iron production and static Coal production from Coal India, has forced Sponge makers to go for imported South African Coal. In a recent data collected by SteelMint from 32 ports across the country, it was noticed that Coal imports from S. Africa has jumped significantly in last few months.

[su_quote cite=”said a Sponge manufacturer based in eastern region.“] “With rising Coal prices in e-auction, most of us prefer to use South African Coal. Also, with increase usage of Pellets, we are bound to use good quality Coal. Coal imports from South Africa will continue to grow in coming time,” [/su_quote]

On similar lines, Sponge manufacturers based in southern region mentioned that due to accessibility to port and non- availability of domestic Coal, we are very much dependent on S. African Coal. Recently, Coal from Mozambique has also attracted Sponge makers’ attention.

Will Coal Imports from South Africa increase?

[su_box title=”Meet some of Biggest Sponge Iron & Pellet Manufacturers at Indian Pellet & DRI Summit” box_color=”#0e5d85″]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]