Ene 09

India’s refractories industry: Ready to recover?

India’s economy and steel sector have been among a select few worldwide to post healthy levels of growth amid stagnant global GDP rates, but Chinese steel dumping and overcapacity have curtailed growth in the contry’s refractories industry, Sunder Singh, IM Correspondent, explains.

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 …

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