India's ferro alloys demand is expected to grow at a CAGR of 7-8 per cent over the next five years, driven by higher steel production, according to markets research firm BigMint. At present, the demand of ferro alloys -- used to add various properties to steel -- in India is over 4 million tonnes, BigMint CEO Dhruv Goel said on Wednesday. Ferro alloys like silico manganese and ferro chrome, etc, act as deoxidisers and alloying agents, improving steel's properties like hardness, strength, corrosion resistance, and wear resistance, he said. The domestic ferro alloys capacity stands around 7.5 million tonnes, while the production is at 6 million tonnes, of which around 2 million tonnes are exported, the industry expert said at the '5th International Ferroy Alloys Conference 2025', organised by Indian Ferro Alloy Producers' Association (IFAPA). "India's ferro alloys industry has immense potential as the demand will continue to grow at 7-8 per cent CAGR till FY2030," Goel said, addressi
Duty waiver, argue producers, would kill value addition and flood country with cheaper imports from China and Malaysia