Sponge iron prices zoom 25%, pig iron up 17% on hike in ore and coal rates
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Unlike integrated steel plants which use iron ore fines, pellets and lumps to produce steel, sponge iron makers in India mostly use ore lumps in their Direct-Reduced Iron (DRI) furnacesSponge iron prices zoom 25%, pig iron up 17% on hike in ore and coal rates
Unlike integrated steel plants which use iron ore fines, pellets and lumps to produce steel, sponge iron makers in India mostly use ore lumps in their Direct-Reduced Iron (DRI) furnaces Read more