Tag: Mozambique
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Analysis: Sponge iron producers switch to alternate coal blends amid low margins, high import prices
Depressed sponge iron demand in the Indian domestic market, coupled with elevated South African coal prices and limited availability of domestic coal for the non-power sector, has compelled Indian DRI producers to experiment with coal from Mozambique, Russia, and even Australia. In fact, diversion of high-grade South African coal to Europe have already pushed sponge…