Our ferro chrome output is mostly exported to the Far East (China, Japan and Taiwan) since it is the epicentre of stainless steel production and also considering our logistical advantage. However, given the expected growth in stainless steel demand / production in India, going ahead there will be distinct shift to catering to the domestic market for which we are ideally positioned. India's per capita consumption of stainless steel is around 2 kg which represents a significant opportunity particular given the expected focus on infrastructure creation which will lead to more demand.
While in India we have long standing relationships with Jindal Stainless, Shah Alloys and other producers, internationally we have partnered with POSCO of South Korea (taking the lead in a 76:24 joint venture in India to produce ferro chrome with assured off-take commitment in addition to a long term contract) and Nisshin Steel (long term contract) besides supplying on a consistent basis to many large customers in China and Taiwan.
Our focus on exporting value added ferro chrome has won us many accolades including the 43rd National Awards for Export Excellence from EEPC in 2010-11.