India’s refractories industry: Ready to recover?
Published: Monday, 22 August 2016
India’s economy and steel sector have been among a select few worldwide to post healthy levels of growth amid stagnant global GDP rates, but Chinese steel dumping and overcapacity have curtailed growth in the country’s refractories industry, Sunder Singh, IM Correspondent, explains.
Driven primarily by steelmaking activity,
India’s refractories industry has had a mixed
period over the past two years. Domestic steel production has
broadly matched the growth of India’s GDP, but the
slowdown in the Chinese economy around the middle of 2015 has
had a negative impact on the country’s