ArcelorMittal Nippon Steel Commenced Iron Ore Mine Operations
It plans to ramp up the production to the rated capacity of 7.16 million tonnes over the forthcoming years, said the company press release.
SEATTLE (Scrap Monster): ArcelorMittal Nippon Steel (AM/NS) India joint venture announced that it has commenced operations at the Ghoraburhani-Sagasahi iron ore mine in Sundargarh district, Odisha.
The iron ore mine block, spread over nearly 140 acres, is estimated to contain resources of around 98.61 million tonnes. The company expects the mine to produce approximately 2 million tonnes of high-quality iron ore during the current year. The iron ore from the mine will be transported to the beneficiation plant in Dabuna, from where it will be fed to the Paradeep pellet plant. It plans to ramp up the production to the rated capacity of 7.16 million tonnes over the forthcoming years, said the company press release.
Commenting on the development, Dilip Oommen, Chief Executive Officer, AM/NS India said that the commencement of operations will further strengthen the company’s raw material self-sufficiency efforts. It will help the state of Odisha to achieve the target of one-trillion dollar economy.
Earlier during the month, AM/NS India had commissioned another pellet plant in Odisha, thereby doubling capacity at Paradeep complex to 12 million tonnes. The company plans to boost its steelmaking capacity to 30 million tonnes.
YOU MAY ALSO BE INTERESTED IN:
ArcelorMittal Nippon Steel India Shared Robust Steel Industry Outlook
- New Exhibit at Chicago’s Museum of Science and Industry Examines the Impact of Ocean Plastic Pollution
- Chicago Denies Permit for Scrap Metal Yard at Heart of 'Environmental Injustice' Battle
- IP Announced First Quarter 2024 Results
- CARBIOS Celebrates the Groundbreaking of its PET Biorecycling Plant with its Partners
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.75 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
6061 Extrusions | 0.64 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |