Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The foundation stone of 1mn mt pellet plant of Indian steelmaker Steel Authority of India Ltd (Sail) was laid last week at its Bhilai Steel Plant by chairman Soma Mondal. 


The plant, being setup on Build Own Operate (BOO) basis, will enable conversion of large volumes of slime lying at the bottom of the Hitkasa tailing pond at Dalli Rajhara into pellets. These pellets would be used for hot metal production at the plant. 


Sail also achieved its highest-ever quarterly production in Q4 FY21 (Jan-March 2021) of hot metal, crude steel, and saleable steel. In FY21, company’s semis component in production consisted of 26.6pc of saleable steel. 

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