Special Address

I am grateful to Dr. V. A. Altekar for inviting me to this National Seminar on the Problems and Prospects of Ferro-alloy Industry in India.The fortunes of the ferro-alloy industry are closely linked with the progress and prosperity of the steel industry world-wide. As you all
know, the steel industry the world over has been experi-encing a severe recession for sometime now, closely following in the wake of the global energy crisis. With the steel development programme in the advanced countries almost at a standstill and the international market situation not too rosy, the Indian ferro-alloy industry
is at present passing through a difficult phase of
dwindling foreign markets. In addition, the raw materials, power and energy costs have increased.