Essar Using Low-Grade Iron for Steel

IBTimes reported India’s Essar (BOM:533149) has announced it is using a low-grade iron ore for its steel making production.

As quoted in the market news:

Iron ore fines are generally dumped since Indian steelmakers lack the technology to process the low grade raw material into iron. For iron ore benification, Essar Steel licensed the technology from Sweden-based Metso while German-based Lurgi technology for pellets.

Click here to read the full IBTimes report.