Current Market State of Ferro Alloys & Steel in India & Factors affecting their pricing
India is one of the leading producers and consumers of Ferro Alloys and steel. The market is currently influenced by several key trends:
Growing Steel Demand:
Infrastructure projects, automobile manufacturing, and urban development are driving higher demand for steel and Ferro Alloys.
Government Policies:
The Indian government’s initiatives like “National Steel Policy” "Make in India" and increased investments in infrastructure are boosting Steel and consequently Ferro Alloys’ consumption.
Supply Chain Challenges:
Availability of raw materials, global trade tensions, and shipping delays impact production costs and supply.
Price Volatility:
Global economic conditions, energy prices, and demand fluctuations in China influence pricing in India’s Ferro Alloy market.
India remains a key player in the global steel and Ferro Alloy industry, with strong growth potential and rising export opportunities.
