ET Ferro Alloy: Destination India

Source: The Economic Times, Dec 23, 2010

According to World Steel Association , world steel demand is growing fast and earlier than expected, driven primarily by Chinese runaway growth and is now expected to hit pre-crisis level this year. World Steel Industry now seems fairly set on the path to recovery.

China and India are leading the turnaround in the world economy. Global output of raw steel is forecast to reach 1,395 MT, almost 14% increase and 3.7% above the previous peak value in 2007. In 2014, it is expected that global steel output would be at 1,625 MT up by 33% year on year.

International Stainless Steel Form (ISSF) expects the Stainless Steel Industry to return to its normal production level by 2011. ISSF expects increase of 11-12% in the volume of Stainless Steel production.

According to ministry of steel, India has emerged as the fifth largest producer of steel in the world and is likely to become the second largest producer of crude steel by 2015-16. It is envisaged that in the next five years, the demand will grow at higher annual average growth rate of over 10%.

With expanding consumer market, the Indian steel industry is likely to receive huge domestic and foreign investments.
Nearly 222 MoUs have been signed between the investors and various State Governments, mostly in Orissa, Jharkhand, Chhattisgarh and West Bengal.

A number of existing units are going in for expansion with additional capacities for production of ferro alloys and a number of new units are coming up, particularly in Visakhapatnam in Andhra Pradesh and Haldia in West Bengal.

Lalwani Group with an annual group turnover above ` 500 crore is headed by Kamal Lalwani (MD) and Sundeep Lalwani, director. The combined force of son and father is working very hard to reach on top of the ferro alloys industry. In fact, Lalwani Group is the only one manufacturing all the three types of alloys such as:
Bulk Alloys: Silico Manganese, High Carbon Ferro Manganese

Master Alloys: Ferro Silico Magnesium, Nickel Magnesium, Ferro Aluminium and Aluminium products

Noble Alloys: Ferro Molybdenum, Ferro Vanadium, Ferro Titanium & Ferro Tungsten etc. With an aim to expand fast, Lalwani Group is expanding with three more furnaces of 9 MVA this year, and a power plant.

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