Durgapur: Tata Steel on Wednesday launched branded silico-manganese products. The move is aimed to tap the estimated Rs 3,000-crore unorganised silico manganese market.
‘Silico-manganese’ is largely used in long-steel products. Long products are used in construction purposes. “Tata Silicomag is possibly the world’s first brand in silico manganese and we expect to gain 18 to 20 per cent market share in the first year,” Rajeev Singhal, Executive-in-charge of company’s Ferro Alloy & Mineral Division, told newspersons here on Wednesday.
The company would soon launch the products in Raipur, Kanpur and other parts of the country over the next six months.