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23 Jan
12:19

Lloyd Metals’ iron ore, DRI output, delivery surge

India-based Lloyd Metals’ iron ore production surged 92% on-year to 1.52 million tonnes in the third fiscal quarter ended 31 December 2022 (FQ3) against 0.79mt produced a year earlier. The company’s direct reduced iron production grew 81% to 60,480 tonnes in FQ3 against 33,350t produced last year, Kallanish notes. Lloyd Metal’s iron ore and DRI sales thus grew 2,783% and 79% respectively to 1.73mt and 60,890t in FQ3. “The company’s Q…
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