India's refractories industry: : Ready to recover?
- Autores: Industrial Minerals
- Localización: Industrial Minerals, ISSN 0019-8544, Nº. 586, 2016 (Ejemplar dedicado a: Septiembre)
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
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 domestic refractories producers, as China has sought to dump its excess steel on the Indian market.
The refractories sector has already made some progress. Besides capacity expansion and modernisation by domestic companies, international refractories producers including Austria's RHI AG, UK-based Vesuvius Plc and Japan's Krosaki Harima Corp., have entered the Indian market and set up manufacturing bases in the country. Other large industry players like China's Pohang Refractories and South Korea's Chosun Refractories have established Indian trading offices.
India's refractories needs are catered for by 13 large, 40 medium-sized and around 300 small manufacturers. The Indian refractory industry has added huge capacity in recent years in anticipation of rising demand from the steel and other consuming segments. However, a stagnant to weak global economy and lower than expected growth in domestic GDP, together with the influx of steel and refractories from China, has rendered idle a large proportion of India's refractory-making capacity.
