Indian metal sector is classified as ferrous and non-ferrous. The ferrous sector consists of iron ore, steel and steel products, while non ferrous consists of copper, aluminium, zinc, tin, lead and other rare metals. The industry can be further classified into primary producer and secondary producers on account manufacturing metal from ores are from metal scrap.
With promise of high GDP growth, the metal sector which is closely linked with is also likely to follow suit. The GDP growth will drive demand in domestic sector for various base metals like steel, aluminium and copper.
The key industry is the mining sector of iron ore, which had faced issues over scams, closure of mines on account of court orders, decline in capacity utilization of steel mills on account of Read More
Kalindi Ispat Pvt Ltd is planning to expand its steel plant in Belpar in Masturi Tehsil in Bilaspur district of Chhattisgarh. The project involves setting up of induction furnace of 3 x 10 T, a rolling mill of 2 x 300 tpd, power plant of 18 MW. Currently, the company operates a 2 x 100 tpd DRI plant. Land required for the project is already available. The new project cost is estimated at Rs. 1200 million. Read More