The
Indian Steel Scenario seems to be bottoming out and consequently
the Ferro Alloy Production and Industry should hopeully have a better
year ahead. Despite increase in Steel Production, the Ferro Alloy
Industry has not got the support it requires from the government
in order to make their prices competitive in the International Market,
hence most producers have to rely on local supplies to Steel Producers
which make life difficult for the producers of Ferro Alloys, mainly
due to oversupply and stiff competition from other domestic producers
who are keen to operate at low margins in order to keep their Industry
alive. The main deterrent for the Industry which prevents them from
competing in the International Markets is the constraints of high
power tariff, Anti-dumping duty on input material and Anti-dumping
duty faced on exports of Ferro Alloys.
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