Pig iron producers in India are trying to reduce manufacturing cost and diversify their sales to foreign markets amidst muted demand from the domestic steel sector. In order to reduce production cost, some units are said to be using more iron ore fines than lumps. Further, firms like Sesa Goa are now producing according to the need only
Tag: pig iron
Post
Post
NINL commissions steel billet plant
Neelachal Ispat Nigam (NINL) commissioned its Rs 1,650 crore billet-making facility at Kalinganagar in Odisha. The company set up the facility to manufacture billet, which is a value added product compared to pig iron and which gives better sales realisations. NINL, whose main activity is manufacturing of pig iron, said
Post
Sales of RINL rises 5% in Nov
According to a company statement, sales of Rashtriya Ispat Nigam (RINL) grew 5 per cent to Rs 1,085 crore in November from Rs 1,028 crore in the year-ago month. During the month, sales of iron and steel registered a growth of six per cent, while pig iron sales expanded 48 per cent.According to the statement, the company is increasing its prese