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India: refractory exports up 25%

The Indian refractories industry, which, at the beginning of the millenium was struggling for survival, has achieved growth of around 25% in a 12 month period during 2002-2003, to reach INR 1.28 billi…

The Indian refractories industry, which, at the beginning of the millenium was struggling for survival, has achieved growth of around 25% in a 12 month period during 2002-2003, to reach INR 1.28 billion (USD 27.9 million). Production rose to 73.5 kt in the same period, from 71.5 kt the year before. In 1997, the year when Indian refractories began a major initiative to increase overseas sales, the value of exports was just INR 350 million (USD 7.6 million), according to the Indian Refractory Manufacturers Association (IRMA). However, despite the growth, the Association warns that the industry“s reliance on the iron and steel sector as its main customer is a threat to further growth. The Indian steel industry continues to consume around two thirds of domestic refractories output although the figure is in decline due to the introduction of modern production methods which have halved the amount of refractories required. Use of refractories in the glass and non-ferrous sectors represents about 15% of Indian refractory output. The USA, UK, Germany and other European countries are the country“s major destinations for refractory products.

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