Sponge Iron

Shares of KIOCL hit a new high of ₹628.85, soaring 19 per cent on the BSE in Monday's intra-day trade amid heavy volumes.

India, the world's biggest sponge iron producer, has about 336 sponge iron plants spread across the country

The domestic sponge iron industry might report a negative growth in the ongoing December quarter "if the shortage of coal is allowed to continue", according to apex industry body SIMA.

Sponge iron plants could shift to new technology on availability of coal

Lower scrap imports could pave way for vehicle scrap policy

The Supreme Court, in its pronouncement in a case filed by NGO Common Cause, had instructed the Odisha govt to collect compensation from the miners for excess ore dug out between 2000-01 and 2010-11

The price of the sponge iron has risen by a little over Rs 500 a tonne over a week

Trading currently at Rs 12,500 a tonne, steel making raw material has seen a sharp uptick in restocking from steel producers