Even after it grapples with higher power costs at home to meet growing demand, the domestic Ferroalloys industry is bracing to tackle competition from Malaysia and Indonesia. While in 2016 an extra capacity of 365,000 tonnes came into the market, and in 2017 during higher supplies, an additional 180,000 tonne is slated to come in,...Continue Reading

A significant 200% surge in manganese ore prices in the last 3-4 months has sent alarm bells ringing across the domestic ferroalloys sector. The latter is a key input for steel makers but 70% of the industry has become import dependent as few new mines have come up in the recent past. The development has...Continue Reading

Indian Metals & Ferro AlloysNSE 0.00 % (IMFA), a leading producer of ferrochrome, said its net profit went up to Rs 63.87 crore in the quarter ending December 31, 2017 (Q3FY17) against Rs 2.75 crore in Q3FY16. IMFA posted a revenue of Rs 462.00 crore in the quarter under review against Rs 335.35 crore in...Continue Reading