Steel Insights takes a look at the Indian refractory industry in its September issue. There are 100-odd players in this space, with well-known names like IFGL, Calderys, Vesuvius, RHI, Tata Krosaki etc vying with each other. Today, most global biggies are now present in India while others look at the country as a lucrative market. Though the industry has matured and is self-sufficient in technology, large imports volumes have led to a 10% drop in domestic production in 2012-13 while the import duty anomaly is proving to be equally challenging. But, on the upside, there is a demand for value-added products and competition is likely to hot up in terms of quality material.
This issue also explores the supply side issues on the back of the iron ore royalty rate hike as well as gives an update on MOIL’s expansion plans. Also find the regular sections on coking coal prices, ferro alloys and corporates.
