Various industry estimates peg the refractory market in India to leap to up to 4 million tons in the next 10 years. For instance, Indian steel manufacturing alone has set itself a target of 300 million tons by 2030. Considering 75% of refractory consumption in India is accounted for by steel, adding cement, glass and manufacturing of other non-ferrous metals to the mix suddenly makes the prospect of a 4-million-ton-refractory-market look very real and reasonable.
As a refractory manufacturing fraternity, are we ready to stand up to this mammoth task of supporting such an aggressive market? In recent times, Indian customers have relied heavily on imports as Indian refractory businesses have been unable to fully satiate their demand, not only in terms of volume but also technology that improves life and performance of refractories. A major cause for supply side constraints is raw material availability. And then there’s government policy.
Clearly, despite all challenges, the opportunity is real. Let’s discuss challenges & opportunities vis-a-vis:
- – Raw material – domestic production capacity
- – Technology & processes
- – Policy
- – Customers
- – Talent
Let’s find answers to the most pressing questions and much more at IREFCON 2020: The Thirteenth India International Refractories Congress.
Mr. Arshad Ahmed
Assistant Sales Manager
The Westin Kolkata Rajarhat
INR 6,499 plus 18% tax for ROH (Single)
INR 6,999 plus 18% tax for ROH (Double)