An increasing number of mills are showing preference for sponge iron rather than scrap owing to its cost stability and improved availability. Indias sponge iron production is estimated to have reached 55-56 million tonnes (mnt) in FY’25, with installed capacity around 68-70 mnt. Coal-based units which account for over 80% of output have seen strong performance particularly in central and eastern India, facilitating a shift in the charge mix among integrated and induction-route producers.
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