In induction and electric arc furnaces, sponge iron is utilised in the iron and steel sector to replace scrap. As expensive melting waste became scarcer over time, sponge iron became a crucial raw resource for producing high-quality steel. With the usage of ore lumps and fines, India has become the world's top producer of sponge iron due to the country's abundant iron ore resources, which have been absorbed by the Indian industry.
STC entered this market in the early 2000 and developed the technology over time, and grew to become India's second-largest manufacturer of sponge iron.