India will be 2nd largest Producer of Stainless Steel Industrial Flanges by 2020

INDIA will become second largest manufacturer of stainless steel flanges in the world India’s steel flanges production is expected to rise by 4-5 per cent this year and will touch 15 per cent CAGR after FY20 as the country has the potential to emerge as the second largest steel producing market after China during FY15-20, Deutsche Bank said in its research report.

With expectations of the Modi government’s thrust on jump starting stalled projects initially followed by pushing large flagship projects, including the freight and industrial corridors, it is expected that India will begin moving back on the path of materials intensive growth by the end of this year. Dynamic forge & Fittings (I) P. Limited has 2.3% share in India of producing Stainless Steel Flanges.

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