Our journey began with the manufacturing of narrow-width HR coils. We are the only company in India producing narrow-width HR coils through a secondary manufacturing route, using induction furnaces and direct reduced iron (“DRI”). We use sponge iron or DRI as a feed in induction furnaces and as a substitute for steel scrap because high-quality scrap is costly and scarcely available. The induction furnaces convert steel scrap and sponge iron into liquid steel by induction heating. This liquid metal is further processed into blooms/slabs, narrow width HR coils and other products. As compared to production of HR coils by way of a blast furnace, a method generally adopted by primary HR coil manufacturers, our approach of using induction furnace has resulted in lower capital expenditure costs and allowed us to produce our products at a quality which is at par with primary coil manufacturers, all while reducing overall manufacturing costs.