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
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.
Rashtriya Ispat Nigam is planning to set up a ferro alloys plant in joint venture with Manganese Ore India. A new company in the style of RINMOIL Ferro-Alloys has been floated to set up the plant at Bobbili in Vizianagaram district. The project involves installing and commissioning 27 MVA and 9 MVA furnaces based on the feasibility report prepared by Mecon. The plant will manufacture nearly 70,000 tonne of silico manganese, another 15,000 tonne of ferro silicon and 2,000 tpa of ferro manganese. In August 2009, about 100 acres of land has been acquired from the Andhra Pradesh Industrial Infrastructure.