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Thursday, March 26, 2015

Pig iron is the intermediate product of smelting iron ore with a high-carbon fuel such as coke, usually with limestone as a flux. It is the molten iron from the blast furnace, which is a large and cylinder-shaped furnace charged with iron ore, coke, and limestone. Pig iron is usually used in the manufacturing of ingot and billet.

 India is an important producer of pig iron. Post-liberalization, with setting up several units in the private sector, not only imports have drastically reduced but also India has turned out to be a net exporter of pig iron. The private sector accounted for 93% of total production for sale of pig iron in the country in 2013-14. The production for sale of pig iron has increased from 1.6 MT in 1991-92 to 7.95 MT in 2013-14. India produced 5.78 MT of pig iron in 2011-12. It is currently being traded at Rs. 22,000/t in Indian market and USD 400/t in export market. In 2010-11, import is 0.09 MT and export 0.36 MT

With the increase in demand for the long steel in the market, the demand for Pig iron increases adjacently. Demand growth will need increase in supply for which the Indian market will require more number of suppliers too. thus, with the introduction of new players, the market is now gaining more Pig iron manufacturers.

The main importing countries are Japan, Republic of Korea, Malaysia, Taiwan, Thailand, and Indonesia

Demand : Past & Future

Year                   mn MT

2000-01                3.10

2001-02                3.88

2002-03                5.07

2003-04                5.20

2004-05                3.23

2005-06                3.86

2006-07                4.96

2007-08                5.27

2008-09                5.60

2009-10                5.90

2010-11                6.20

2011-12                6.50

2012-13                6.83

2013-14                7.16

2014-15                7.53

2019-20                9.61

Players & Alliances

Kalyani  Steels  

Sathavahana Ispat          

Usha Matin        

Lanco Industries              

Usha Ispat          

Tata Metaliks    

Rashtriya Ispat 

Neelanchal Industries   



Sesa Industries

Kirloskar Ferrous

Electrosteel Castings     

Source: NPCS Team

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