Low alloyed steel strips are one of the key raw material in the automobile sector. Grades like 16MnCr5,EN47,HC21 and many other numerous grades has its own demand and a very big market.
But unfortunately, in India not a singal integrated steel plant is manufacturing these special grades material. The cold rolling mills are procuring the basic HR material from overseas market. Since the demand of these grades of steel is negligible in comparison to Mild Steel, no one tries to venture in this segment in India. Whereas the value addition is much more better than that of mild steel.
This segment is somewhat hidden from the Indian Manufacturers, whereas in Germany there are companies which are manufacturing more than 20 Grades in Low Alloy Steel Strips in both HR & CRCA.
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