India is also an important producer of pig iron. Post-liberalization, with setting up several units in the private sector, not only imports have drastically reduced but also India has turned out to be a net exporter of pig iron. The private sector accounted for 91% of total production for sale of pig iron in the country in 2011-12. The production of pig iron has increased from 1.6 mt in 1991-92 to 5.78 mt in 2011-12. Our Trade in basic pig iron for steelmaking, as well as foundry and ductile pig iron for the castings industry.

Direct reduced iron that has been processed into briquettes. Instead of using a blast furnace, the oxygen is removed from the ore using natural gas and results in a substance that is 90%-92% iron. Because DRI may spontaneously combust during transportation, HBI is preferred when the metallic material must be stored or moved Hot Briquette Iron (HBI) is a relatively new product, developed in the past 25 years, as a supplement for pig iron and scrap in electric furnace steel mills. It is a compacted form of direct reduced iron (DRI), which facilitates its handling, storage, and use.