Tag: Sponge import

India, the world’s largest producer of sponge (DRI) iron, reported drastic fall in sponge import during FY16 as compared to FY15.  DRI import (HS Code: 72031000) to India in FY15 was assessed at 1,42,000 MT. While, in FY16 (Apr’15-Nov’15), only 17,000 MT is reported. Out of total import quantity, about 80-85% material is being imported from Oman…