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26 September 2015. It was a boom for five years. With high profit margins, easy availability of iron ore and coal, and better logistics, Odisha became a hot seat for sponge iron industry in India during 2005-2010, leading to mushrooming of sponge iron units – 95 of them. However, a mining ban coupled with increasing iron ore prices and reducing margins has virtually reduced this industry to almost half today.

DNA INDIA

http://www.dnaindia.com/money/report-sponge-iron-industry-in-odisha

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India - Metal and Mechanics Map

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