Indian Ferro Alloy Exports Increase 50% in Jan-Jul'17

India, being one of the prominent exporters of Ferro Alloy, has exported 1.03 MnT of the commodity in CY17 (Jan-Jul) against 0.68 MnT during the same period of the previous year. It reflected a substantial increase of more than 50% on Y-o-Y basis.

In Ferro Chrome, India's largest export category, about half of the production is exported. India exported 0.47 MnT Ferro Chrome in CY17 (Jan-Jul) against 0.24 MnT in CY16 (Jan-Jul), registering a massive increase of 74% Y-o-Y. China accounted for 40% (0.19 MnT) of Indian Ferro Chrome export volume in CY17 (Jan-Jul), followed by South Korea at 23% (0.11 MnT) and Taiwan at 13% (0.06 MnT). China and South Korean were also the two largest importers of Indian Ferro Chrome in the previous year.

India also exports Silico Manganese majorly and out of 0.44 MnT of exported volume in CY17 (Jan-Jul), Japan accounted for largest share of Indian exports at 13% (0.06 MnT), closely followed by UAE at 8.26% (0.04 MnT) of the exported volume by India. However, during CY16 (Jan-Jul), Silico Manganese export by India was 0.34 MnT, reportedly 29% lower, with Japan being the largest importer as well.

Ferro Manganese is also exported by India but at a limited quantity of 0.11 MnT in CY17 (Jan-Jul). It is around 38% higher than the volume exported in the same period of CY16. Ferro Manganese production requires high-grade Manganese Ore - which India relies heavily on the seaborne material. UAE is the largest importer of Indian Ferro Manganese followed by Indonesia in CY17 (Jan-Jul).