https://www.engineeringnews.co.za
Building|Manufacturing|Power|Resources|Steel|Infrastructure
Building|Manufacturing|Power|Resources|Steel|Infrastructure
building|manufacturing|power|resources|steel|infrastructure

India faces acute shortage of manganese, chrome ore: FIMI

20th December 2019

By: Ajoy K Das

Creamer Media Correspondent

     

Font size: - +

KOLKATA (miningweekly.com) – Indian steel production will be hit by an acute shortage of manganese and chrome ore and the demand/supply imbalance will create unemployment over a long period, the Federation of Indian Mineral Industries (FIMI) has warned.

“Seven working manganese mines and four working chromite mines are going to shut down in a few months, by March 31, 2020 leading to wiping out almost 16% manganese ore production in the country and 50% chromite production, thus disrupting raw material supplies for ferroalloys and steel industry creating long term unemployment,” FIMI president Sunil Duggal said.

“The ferroalloy industry is being squeezed by weak demand, high power costs and cut-throat competition in international market and stagnation of steel demand and production in the country,” Duggal said.

“Despite a total production capacity of 5.15-million tons a year by the ferroalloy industry, it has been battling a slowdown since 2013 with actual production of ferrochrome stagnant at one-million tons a year, ferromanganese at 0.52-million tons a year and ferrosilicon at 0.09-million tons a year,” he said.

According to FIMI, despite India’s huge resources of manganese ore, estimated at 496-million tons, and chrome ore of about 344-million tons, the country is still importing these critical steelmaking mineral inputs.

Despite such large domestic resources, manganese ore production has been hovering at 2.4-million tons a year of manganese, 2.7-million to 3.5-million tons a year of chrome ore over the past four years and the gap in demand/supply increasingly being met through imports and leading to significant stockpiles of low grade ore at the pitheads, FIMI said.

The country at the same time does not have sufficient beneficiation capacity for adding value of low grade ore for use by domestic steel mills, it added.

India has set big targets for infrastructure building and domestic manufacturing, which included setting a domestic steelmaking capacity of 300-million tons a year by 2030, which would require increasing present capacity by 2.11 times over the next 11 years.

Such domestic steelmaking capacity would require 11-million tons a year of manganese ore and five-million tons a year of chrome ore. This, Duggal said, could only be achieved if miners of manganese and chrome ore gear up and dramatically enhance output by 2030 of the targeted domestic steelmaking capacity was to be achieved.

He urged the government to frame, “progressive policies for the ferroalloy industry and offer fiscal incentive to producers to battle cheaper imports”.

 

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.265 0.323s - 160pq - 2rq
Subscribe Now