Tag: Sponge iron sector

Indian sponge iron units, especially located in the industrial clusters of Odisha, Chhattisgarh and Maharashtra prefer blending South African coal with the domestic variant in the ratio of 70:30 (70% imported, 30% domestic), given the high-calorific value (CV) , low volatile-matter (VM) and low ash content in the former. However,increasing dry bulk freight rates and…