India's sponge iron production expected to reach around 55 mnt in FY'25

Source: BigMint Feb 24, 2025 10:00

Crude steel production to grow over 5% y-o-y in FY'25. Sponge iron capacity to touch 70 mnt by FY'30. DRI exports by India may reach 1.4 mnt in FY'25.

Morning Brief: In the fiscal year 2024-25 (FY'25), India's sponge iron production is expected to reach approximately 55 million metric tonnes (mnt), with India maintaining its position as the world's largest producer of sponge iron. This production level reflects a compound annual growth rate (CAGR) of 8% since FY'19 when output

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