Public sector steel majors, Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) would be increasing their raw material consumption up to 39% by 2015-16 as these companies will soon be completing capacity expansion programmes. While, SAIL’s coking coal requirements is expected to increase by 33.33% in 2015-16, to 19.2 million tonne (MT), RINL’s coking coal requirement will increase to 7.08 MT by 2015-16.
Meanwhile, SAIL’s iron ore requirements is expected to go up by 32.42% to 36.80 MT, given it is half way through a plan for expanding its steel capacity to 21.4 MT. Similarly, RINL’s iron ore requirement is expected to increase by 39.39% in 2015-16 to 9.2 million tonne (MT).
SAIL currently needs 27.79 MT iron ore and 14.40 MT coking coal to meet the requirements of its 6 plants including Bhilai, Bokaro, Durgapur, Rourkela and IISCO Burnpur.
