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Sintered iron ore and coke are layered inside a 100 m long furnace, then hot air at 1200 degree Celsius is blown into the blast furnace from the bottom causing the coal to burn and this heat, in turn, burns the iron ore to create molten iron at a temperature of 1500 degree Celsius. This is also called hot metal (pig iron) in the industry.
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"Due to rising iron ore prices, which just softened and skyrocketing coking coal prices, Indian steel mills are witnessing a jump of at least Rs 9,000 - Rs 10,000 a tonne of increase in the cost of production," ArcelorMittal Nippon Steel India's chief marketing officer Ranjan Dhar told ET.
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But it became one of the largest marketing company of steel in India and hence the name was changed. It was founded in the year 1976 and is headquartered in Bangalore, India. The KIOCL had one of the largest iron ore mine in the world as Kudremukh Mines, which was shut down by the Government of India in 2006 following some controversies.
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Workers at the Indian government-run iron ore miner NMDC Limited have launched a country-wide protest against the demerger and subsequent sale of the company's greenfield steel mill project, trade union officials said on Thursday, November 18. The trade union officials said that the government's decision to demerge the 3 million mt ...
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For the rest of India, plants want to use more sponge iron, but its availability is also restricted. Secondly, sponge iron prices are also very high because of the high cost of iron ore pellets. "India cannot achieve its targeted production, as espoused in the Indian Steel Policy, by 2030-31 without the growth of the sponge iron industry.
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Steel mills in India kept their domestic hot-rolled coil prices stable in the week ended Friday December 17 even although traders were selling HRC at a discount of about 2,000 rupees ($26) per tonne compared with mill prices. The price of steel HRC, domestic, ex-whse India, was assessed by Fastmarkets on Friday at 67,000-67,500 rupees ($879-886 ...
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The rolling mills are located at Bumpur. IISCO enjoys the following advantages: (i) Iron ore is available from Guna mines in Singhbhum district of Jharkhand located at a distance of 285 km. Some iron ore is also obtained from Mayurbhanj area of Orissa.
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