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The abundant use of steel in industries such as construction, automotive, shipbuilding etc.has given a huge thrust to the alloy manufacturing industry. Iron ore is found in abundance across the globe, this further contributes to a growing demand for steel which is extensively used in certain industries. Increasing population, improving the standard of living, growing demand for new houses, more automobiles are further contributing to a growth in the demand for ferro alloy.
The ferro alloy manufacturing industry is witnessing a significant change in strategies with larger companies acquiring smaller ones and many companies trying to increase production capacities to deal with competition and to counter high operational costs. Modern management initiatives like Six Sigma and excellent Supply Chain Management are being incorporated into the manufacturing process to yield better returns for ferro alloy manufacturers.
The production of ferro alloy began around 1917 in India when companies such as IISCO Steel Plant and Tata Steel started production of ferro alloys. The lack of efficient smelting technology in India was compensated with the use of high grades of ore, reductants, and fluxes.
In the 1980s this industry witnessed extensive product diversification with the use of advanced technology. During this period, export-oriented units were created that further helped companies grow their revenues.
With the abolishment of licenses in the early 1990s, there was a gradual growth in the ferro alloy WNMG Insert capacities in various parts of the country. Liberalization contributed to the emergence of many ferro-alloy manufacturers. However, most of these manufacturers are dependent on the supplies of raw materials from government agencies for production.
The increasing cost of power needed for the manufacturing of ferro alloys in countries such as South Africa and China have helped Indian producers get larger market share. However, there is a growing threat from countries such as Malaysia and Indonesia which is having an impact on the profitability of Indian ferroalloy producers.
While the global demand for this is steadily going up, the inefficient players are finding it difficult to survive in an extremely competitive environment. The immediate issue of manufacturers SNMG Insert in India is to deal with challenges posed by high energy consumption required for the manufacturing of ferroalloys and the need to maintain product quality while not compromising on the cost of production. However, with research, they can strive to improve the properties of various types of alloys and steel. By adding alloying elements in the right quantities, they can enhance the properties of the alloys manufactured by them.
India's total potential output is 3.16 million tpy of manganese alloys, 250,000 tpy of ferro-silicon, 1.69 million tpy of chrome alloys, and 5,000 tpy of noble ferro-alloys. India ranks 1st in the world for the export of Silico Manganese and ranks 4th in the world for the export of Ferro Manganese. With the increasing efforts to grow the industry, companies will be investing in knowledge and technology to be able to manufacture better quality alloys.
Through the help of the above described article, you can easily understand the ferro alloy manufacturing in India.
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