October 29, Friday
SteelMint Exclusive
On friday afternoon in Chhattisgarh Steel Association, attended by industry experts. Key note given by Mr B.L. Agrawal, Director, Godawari Power Industries Ltd, Raipur. Mr. Agrawal said demand looks better post Diwali.
The rising cost of Iron ore lumps in India has made the manufacturers switch to a new technology that uses Iron ore fines which is available in plenty and mainly exported to China currently.
Industry speakers discussed intently on the pros and cons of using the new technology. Mr. B.L. Agrawal, Director, GPIL said, “The use of Sponge Pellets will help in reducing the power usage and will increase the efficiency of the plants by almost 10%. Ingot manufactures will be able to reduce their prices by around` 2,200/MT. The amount of slag will also be reduced”. Commenting on the present steel market, Mr. Agrawal added, “revival in demand is expected post Diwali”.
He repeatedly brought out the benefits of using Sponge Pellets over Sponge Iron owing to the issues and cost of size ore in India. He also highlighted the benefits of the new technology while speaking at the seminar.
Representatives from JSPL, Raigarh being a pioneer user of this technology, also presented the benefits that can accrue to Mini Steel plants when using Sponge Pellets.
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