Sponge Iron industry passing through difficult times

vijay

Vijay Jhanwar is the President of Chhattisgarh Sponge Iron Manufacturers Association. A first-generation entrepreneur who has successfully turned around a few NPA small sized steel plants including the only sponge iron plant of Bastar.

In an interview with Sanjay Singh, Assistant Editor of Steelworld, Jhanwar spoke in details about the issues facing the sponge iron industry in India. He also underlined the need for participation of smaller industries in the auction process of mines be allowed so to have a fair distribution of resource and even a fair competition.

Sponge Iron industry passing through difficult times What is the present status of the sponge iron industry? Sponge iron industry is going through quite a difficult market conditions because there has been a crash in steel prices in last 3 months. The demand for finished steel is less from all the sectors. Sponge iron market is totally dependent on finished steel demand and its domestic price. Unfortunately, this time the raw material prices especially

For this exclusive interview click here

 

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