The manufacture of ferro alloys is highly power-intensive and therefore the cost of power is critical to the competitiveness of the producers. On average, 50 per cent of the total cost per tonne of ferro alloy is accounted for by power.
In the mid-1990s, the industry was hit by excess domestic capacity and a demand recession made worse by substantial imports of ferro alloys by steel exporters. The slump was caused by inadequate indigenous demand and an inability to compete on the international markets because of high power tariffs.
According to the Indian Ferro Alloy Producers Association (IFAPA), in 2001-02, the ferro alloy industry continued to be affected by recession with sluggish demand and constraints of high power tariff anti-dumping duty on input material, reductant, and anti-dumping duty on exports of ferro alloys. Consequently, the output dropped by 8.28 per cent during 2001-02 to 8.27 lakh tonnes from 9.02 lakh tonnes in the previous year.
But now, the signs of revival in the fortunes of the steel industry, both globally and domestically, has brought cheer to a largely neglected industry — ferro alloys — whose fortunes are inextricably linked with that of steel.
Published in November 2008, the Directory of Ferro alloys Industry in India has been comprehensively researched and prepared, to bring you a fully up to date guide to Indian ferro alloys industries.
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