State-run trading company Metals and Minerals Trading Corporation of India (MMTC) has invited global tenders from interested foreign buyers for export of non-alloy pig iron.
The pig iron
has been produced by public-sector steel company Neelachal Ispat Nigam Ltd (NINL), in which MMTC
is the largest equity holder.
of pig iron
of up to 30,000 tonnes would be canalised through MMTC.
The material is to be shipped through the Paradip port. In FY17, NINL
produced 0.51 million tonnes of pig iron
and sold 0.5 million tonnes (mt).
In the first two months of 2017-18, NINL's pig iron
sales has not matched its production. In April, the steel maker produced 55,949 tonnes of pig iron
but managed to sell 29,949 tonnes. Likewise, NINL
sold 38,270 tonnes of pig iron
against its production of 58,283 tonnes. NINL
produces both basic and foundry grades of pig iron.
has become the country's largest exporter of saleable pig iron
since 2004-05. Pig iron
and LAM (low ash metallurgical) coke produced by NINL
has established its acceptance in domestic as well as in the international markets. The company is widely catering to the demands of eastern, central and northern regions of the country for pig iron
apart from exports.
It is supplying LAM coke to almost all steel plants of Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL), Vishakhapatanam.
— promoted by MMTC, Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol), OMC
and other government agencies — has set up an 1.1 million tonne integrated iron and steel plant at Kalinganagar, Odisha. Presently, the products are steel billets, pig iron
and LAM (low ash metallurgical) coke along with nut coke, coke breeze, crude tar, ammonium sulphate, granulated slag, etc.
It has chalked out a plan to achieve steel output of five mtpa in two phases. Full capacity expansion estimated to cost Rs 25,000-30,000 crore, is slated to be achieved by 2025.