Industry Outlook of Monolithisch India IPO
The quality of ramming mass plays a key role in furnace heating performance, supporting consistent furnace operation and effective metallurgical processes.
Ramming mass is available in three types based on composition:
- Acidic, made from silica
- Basic, made from magnesia
- Neutral, made from alumina
Among these, silica ramming mass (acidic) is widely used, particularly in induction furnaces within the steel industry, due to its specific characteristics and suitability.
India holds a major position in the global steel market as both a producer of crude steel and a user of finished steel.
The steel industry contributes approximately 2% to India’s GDP.
It provides direct and indirect employment to around 2.6 million individuals, including those involved in supporting sectors.
The Indian steel industry is categorised into primary and secondary sectors, based on the methods used in steel production.
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