Indian refractories sector hopes rising steel tide will lift all boats

By IM Staff
Published: Friday, 08 September 2017

Booming steel production has helped prop up demand for Indian refractories amid lacklustre demand from cement and foundries, but as Sunder Singh, IM Correspondent explains, the country’s relatively healthy market is attracting increased foreign competition.

India1 

Buoyed by strong expansion in the domestic steel sector, India’s refractories industry has registered impressive growth over the last decade.

Refractories demand from steelmakers has more than compensated for recent weak consumption by the cement, glass and non-ferrous metal sectors, but with significant government investment planned in India’s...

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