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India's Steel Ambition Hinges on Manganese
17 Dec
Summary
- Manganese is vital for enhancing steel strength.
- India's domestic manganese ore supply is insufficient.
- Imported manganese prices are subject to volatility.
India is aggressively pursuing an expansion of its steel production capabilities, a move that elevates the importance of manganese. This essential metal is critical for imparting strength to steel, playing a key role in the value addition chain.
However, the nation's ambition is tempered by a significant challenge: the insufficient domestic supply of manganese ore. This reliance on imports exposes India to fluctuating global prices, creating economic uncertainty for its burgeoning steel industry.
The spotlight is now on MOIL, India's largest manganese producer, to ascertain if it can bridge the supply deficit. Meeting the projected demand is crucial for sustaining India's industrial development and achieving its steel manufacturing targets.
