Geovale Participated in Manganese/Chrome Ores and Ferro-alloys Summit, Kolkata
Federation of Indian Mineral Industries (FIMI) organised Manganese/Chrome Ores and Ferro-alloys Summit on 30 November and 1 December 2015 in Kolkata.
Mr Gouranga Sen, Principal Analyst of Geovale Services presented a strategic paper on Ferro-alloy Markets in India – Present Scenario and Way Ahead in the summit. The presentation describes the issues which the Indian ferro-alloys industry has been facing and suggests the measure which can be adopted to revive this industry.
He aptly pointed out that the problems overcapacity, raw material sourcing, high cost of electricity which were affecting the Indian ferro-alloy industry more than a decade ago, are still creating issues even today. As a result the industry which supplies an important ingredient to the steel making industry is facing huge losses.
While suggesting possible measures to revive the condition of India’s ferro-alloy industry, Mr Sen highlighted the example of steel industry. He illustrated how some successful steel producers who do not have any captive source of raw material grew profitably with heightened focus on productivity improvement and R&D. He explained the possible strategies which the Indian ferro-alloy industry should adopt in this turbulent time to survive and grow.
To download the copy of this presentation, please click here.