Russia has emerged the biggest exporter of pig iron to India for the April-September (H1) period of FY23.
- Data from the Steel Ministry show that in H1 FY23 nearly 31,700 tonnes of pig iron came into India, of which 26,600 tonnes (or 84 per cent) was from Russia. In values terms, nearly Rs.100 crore worth pig iron was imported from Russia (at Rs. 30,000 per tonne approximately).
About Pig iron
- Pig iron is crude iron and is the direct product of the blast furnace and is refined to produce steel, wrought iron, or ingot iron.
- As per data available, pig iron production in India during H1FY23 fell by nearly six per cent YoY to 2.882 million tonnes (mt) — from 3.058 mt in the year-ago-period.
