India’s gross sponge iron production rose 1.4 percent to 10.33 million tons (mt) in April-August 2017, up from 10.19 million tons in the same period last year, provisional steel ministry data showed.
Inter-plant consumption was up 8.5 percent year-on-year to 4.20 mt in the April-August period. This resulted in sponge iron production for sale falling 3 percent to 6.13 mt in the April-August period, down from 6.23 mt in the same period last year.
In FY17, gross production of sponge iron was at 24.39 mt (a growth of 8.8 percent compared to last year). Sponge iron production for sale in April-March, 2017 was 14.830 mt, a growth of 2.1 percent compared to last year, after accounting for own consumption / inter-plant transfers.
Units facing problems
Many sponge iron units in Karnataka are facing closure because of the non-availability and high cost of iron ore.
This story is from the October 2017 edition of Steel Insights.
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This story is from the October 2017 edition of Steel Insights.
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