Low Carbon Silico Manganese which is popularly known as LCSiMn is a ferrous alloy with content of carbon, silica and manganese. A large number of steel producing companies extensively demand low carbon silico manganese for reducing total production treatment by using these at the time of slag reduction instead of HCFeMn and decarburization process. Low level carbon silico manganese is extensively appreciated for reducing the lining attack that may cause due to less fluid slag (less MnO).Low Carbon Silicomanganese, used during slag reduction instead of High Carbon Ferromanganese during decarburization, reduces the total treatment time. This also reduces the amount of oxidized manganese, and therefore the quantity of silicon needed in the slag reduction.
With the growing demand of steel in the market, there has been a heavy requirement of manganese alloys. This is one of the most probable reasons as to why the manganese industry is on the bloom.
After witnessing a downfall, Silico manganese prices are now slightly stable; and increased by INR 1,000-2,000/MT with demand dented as buyers were retreating due to diminishing steel margins. Silico manganese producers are clamoring to offload stock. The Indian ferroalloys producers are reportedly cutting down their Manganese alloy production and would like to exhaust stocks to enable steady cash flows amid thin price margins. Due to cutting down in production of ferro alloys, prices may increase further in a short period. Thus, as an entrepreneur this project offers an exciting opportunity to you.
Few Indian Major Players are as under
• Acme Ferro Alloys Pvt. Ltd.
• Balasore Alloys Ltd.
• Hi-Tech Electrothermics& Hydro Power Ltd.
• Jagat Alloys Pvt. Ltd.
• Padmavati Ferrous Ltd.
• Shri Girija Alloy & Power (India) Pvt. Ltd.