Indian refractories sector hopes rising steel tide will lift all boats
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.
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...