Tag: Morning Brief

India: Merchant DRI production to drop on coal crunch, falling steel market

May 26, 2022

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by

Prashasti Giri

in Sponge Iron

Steel prices slip rapidly after export duty revision Sponge production costs unviable due to high coal prices Capacity utilisation to drop in Q3 2022 Capacity utilisation levels of coal-based merchant DRI producers in India are set to fall by 15-20% in Q3 2022, SteelMint understands. This is due to unviable production costs on record-high global…