Need to improve ore quality to ensure prifitability
With steel industry making a mad scramble for top grade iron ore amid depleting reserves, there's an urgent need to improve ore quality at reduced costs to ensure steel makers remain profitable.
By Navtan Kumar, ET Bureau |
JHARKHAND (KIRIBURU): With steel industry making a mad scramble for top grade iron ore amid depleting reserves, there���s an urgent need to improve ore quality at reduced costs to ensure steel makers remain profitable.
This was the general opinion at a two-day seminar on "Iron Ore Beneficiation: Challenges to the Iron & Steel Industry", organised by Steel Authority of India Limited (Sail) in partnership with Indian Institute of Plant Engineers.
Jindal Steel & Power executive director N.D. Rao said: "Reduction of one tonne alumina load through beneficiation from ore will generate savings of Rs 1 lakh in the steel-making process. And a 1 per cent reduction of alumina will give a benefit of around Rs 100 crore per year for a 3 MTPA steel plant."
This was the general opinion at a two-day seminar on "Iron Ore Beneficiation: Challenges to the Iron & Steel Industry", organised by Steel Authority of India Limited (Sail) in partnership with Indian Institute of Plant Engineers.
Jindal Steel & Power executive director N.D. Rao said: "Reduction of one tonne alumina load through beneficiation from ore will generate savings of Rs 1 lakh in the steel-making process. And a 1 per cent reduction of alumina will give a benefit of around Rs 100 crore per year for a 3 MTPA steel plant."
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