Refractories Stocks

Refractories are essential in the ever-evolving field of glass manufacturing; to imply otherwise would be to understate their significance. Actually, one of the most important parts of the making of glass is refractory.

Two megatrends primarily characterise the refractory services sector in India. The first is characterised by steady and vigorous expansion in the steel and cement industries, with a preference for products made in India. The second megatrend concerns China’s global de-risking about prioritising raw material and refractory product and service suppliers.

Globally, the steel sector uses refractory materials the most. The global economy is witnessing a surge in steel consumption and refractory usage due to the growing infrastructure and construction activity in developing nations like Brazil, Mexico, India, and Russia. The present raw material supply for the Indian refractory sector, especially for magnesite, comes from China.

Investing in the refractories sector, which involves companies that manufacture and supply materials used in high-temperature industrial processes like steel, cement, and glass production, requires careful consideration of various factors. Here are some key things to consider before investing in refractories sector stocks:

• Industry Overview: Understand the overall state of the refractories industry. Look at current trends, demand, and future growth prospects. Consider factors like global steel production, infrastructure development, and other industries that heavily rely on refractory materials.
• Market Conditions: Analyse the current market conditions, economic indicators, and global economic trends. The refractories sector is closely tied to the performance of industries like steel, cement, and glass, so the overall economic outlook is crucial.
• Company Fundamentals: Evaluate the financial health and performance of the companies you are interested in. Look at key financial ratios, earnings reports, and revenue growth. Assess the company’s competitive position within the industry.
• Customer Base: Examine the customer base of the company. A diverse and stable customer portfolio can indicate the company’s resilience to market fluctuations.
• Global Presence: Consider companies with a global presence. The demand for refractories is not limited to a specific region, and companies with international operations may have more opportunities for growth.

To invest in sector stocks via Angel One, follow these steps:

• Log in to your Angel One account.
• Click on the search icon and look for your desired refractories sector stock.
• Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
• To complete your transaction, click on the ‘Buy’ button.

You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’