World steel production has already crossed a billion tonnes per annum. In the last one decade, it
was China due to which the world steel production increased rapidly and China accounted for
40-45% of the steel production. Now it is the turn of India to increase its steel production to a
level of a least 200 Mtyr in the next decade. Increase in the production of coal based Sponge
Iron (DRI) and its conversion to steel accounting is 25-30% of steel production. It is expected
that sponge iron production continues to play a leading role in the growth of Indian steel
industry. However, due to rising production worldwide, the demand for iron ore is also going to
increase both in India and World over. Calibrated lump ore which is already scarce is going to be
a weak link in the supply chain for increased production of steel. In the near future, only low
grade iron ore fines are going to be available aplenty.

World steel production has already crossed a billion tonnes per annum. In the last one decade, it
was China due to which the world steel production increased rapidly and China accounted for
40-45% of the steel production. Now it is the turn of India to increase its steel production to a
level of a least 200 Mtyr in the next decade. Increase in the production of coal based Sponge
Iron (DRI) and its conversion to steel accounting is 25-30% of steel production. It is expected
that sponge iron production continues to play a leading role in the growth of Indian steel
industry. However, due to rising production worldwide, the demand for iron ore is also going to
increase both in India and World over. Calibrated lump ore which is already scarce is going to be
a weak link in the supply chain for increased production of steel. In the near future, only low
grade iron ore fines are going to be available aplenty.