Last Updated: 5/21/2025 11:39:00 PM
Business Line reported that Indian steel makers are stepping up investments in beneficiation and pelletisation capacities in a move aimed at utilizing the low grade iron ore fines, which hitherto were considered as a mining waste. Mr Sudhir Srivastava senior VP of Metso Minerals India said that “Indian companies are increasingly investing in mineral processing technologies for beneficiating and pelletising iron ore fines.” He said that moreover, the gradual depletion of high grade iron ore reserves is prompting the steel makers and mineral companies to go for processing technologies. The Finnish firm Metso has signed up contracts with JSW Steel, JSPL, Essar and Bhushan Steel over the past one year to supply a host of equipments. SAIL is also in the process of setting up 4 million tonne a year pellet plant at Gua mines to utilise the iron ore fines. The Indian Bureau of Mines estimates the current pelletisation capacity in India at around 20 million tonnes a year. The country needs to create a pellet capacity of another 50 million tonne to meet the targeted steel making capacity of 180 million tonne by 2020.
Business Line reported that Indian steel makers are stepping up investments in beneficiation and pelletisation capacities in a move aimed at utilizing the low grade iron ore fines, which hitherto were considered as a mining waste.
Mr Sudhir Srivastava senior VP of Metso Minerals India said that “Indian companies are increasingly investing in mineral processing technologies for beneficiating and pelletising iron ore fines.”
He said that moreover, the gradual depletion of high grade iron ore reserves is prompting the steel makers and mineral companies to go for processing technologies.
The Finnish firm Metso has signed up contracts with JSW Steel, JSPL, Essar and Bhushan Steel over the past one year to supply a host of equipments. SAIL is also in the process of setting up 4 million tonne a year pellet plant at Gua mines to utilise the iron ore fines.
The Indian Bureau of Mines estimates the current pelletisation capacity in India at around 20 million tonnes a year. The country needs to create a pellet capacity of another 50 million tonne to meet the targeted steel making capacity of 180 million tonne by 2020.
