Companies

Tata Steel launches 2 new products

Jayanta Mallick Kolkata | Updated on March 12, 2018

Tata Steel on Thursday launched two new products —- branded ferro manganese and ferro chrome for non-integrated steel and stainless steel makers in the country.

Ferro chrome — a corrosion-resistant alloying agent — is used for producing stainless steel, while ferro manganese is utilised to toughen and harden carbon steel.

The products will be sold in 50 kg & 1 tonne tear-proof bags.

Tata Steel is targeting a 38 per cent share in the domestic ferro chrome market and 10 per cent share in ferro manganese market in the financial year 2015, a company release said.

The company aims to serve the major consumption centres — Gujarat, Maharashtra, NCR, Rajasthan, Odisha and West Bengal through a distribution network.

>jayanta.mallick@thehindu.co.in

Published on January 16, 2014

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