Ferro alloys play a paramount role in the manufacture of alloys and steel making and are therefore essential to the Indian steel industry.

The growth of ferro-alloy industry is directly linked with development of iron and steel industry in India.

FIMI in its recent Ferro alloys summit held in Kolkata city wherein Vizag Industrial Scan was media partner stated that despite having sufficient production capacity of the ferro-alloys industry, their total capacity utilization is too low.

Owing to high cost of power, Ferroalloys Industry has not been operating to its full capacity in India.

As per FIMI ferroalloys Industry spends 40 to 70% production cost on power consumption.

As such ferro alloy industry is under pressure due to fluctuating demand, and competitive market conditions.

The mining sector and its downstream industries have made substantial investment including the establishment of state-of-the-art beneficiation and ferroalloys plants.

However, due to the lack of adequate and consistent raw material supply,  these investments unproductive and financially unviable noted FIMI. The prospects for Ferro-alloys industry are bright provided innovations are made with advanced technological competitiveness.