Iron ore comes in the form of rocks and minerals from which Iron (Fe) can be economically recovered. It is the primary raw material in the production of pig iron and subsequently steel.
Iron ore is typically classified as High grade (+65% Fe), Medium grade (+62 – 65% Fe) and Low grade (-62% Fe).Typically, the Integrated Steel Plants(ISPs) use medium/High grade Iron Ore whereas the Sponge Iron plants require only High Grade iron ore, preferably, with +67% Fe.
Iron Ore is traded in lumps (i.e. sized ore), fines and pellets. Production/availability of lumps is limited by virtue of the natural occurrence and also because of generation of lot of fines during crushing of large lumps present in the run-of -mines.
Pellets are normally produced in the form of Globules from very fine iron ore (normally –100 mesh). Raw iron ore can be transformed into "pellets" in a process that combines agglomeration and thermal treatment. The objective is to give the ore specific sizing and hardness properties that will be maintained during its transportation and use as feed in a blast furnace or Direct Reduction plant.
Adding iron ore trading to our existing capabilities shall allow us to grow our volumes rapidly. Because of our closer study of the Value Chain, we know exactly where we can create Synergy and add value. The promoters are very well experienced and have vast knowledge of Steel Industry and are well conversant with the consumption of various types of Iron ore in Steel Sector. The company has set its links & expanded its dimension in exporting the various grades Iron ore to the Asian countries mainly China, Japan and South Korea. We aim to source from big mines in Brazil, Australia and India to cater to same.
The price of iron ore products is based principally on their iron content and shipping cost. Since it is break bulk commodity, our strong hold in shipping & logistics will definitely prove beneficial for us.