Carborundum Universal Limited CC-Jun24.pdf · 2024-07-31
So, a few questions from my side. Firstly, on the abrasive s part, if I focus in the standalone business, there has broadly been close to 10%-11% growth over the last two years in the first quarter. Could you kind of, and we do understand that you are gaining that share. So the question is, on the demand environment in the Abrasives segment, on the standalone side, there has been about a 10 %-11% growth on a two -year basis in this segment. And w e do understand that certain strategies are starting to play out, but at a very market level, it appears to be that the demand isn ’t as robust. Could you give us some more sense of what is driving the numbers for you and potentially the market down?
The second question that I had was that you talked about the pricing pressure from the Chinese from an import perspective, I think on the Electrominerals side and the fact that it won’t last for very long. Is that based on early signs that you were seeing or let’s say, are we kind of lobbying with the government for having some kind of duties being put? What gives you that confidence is what I am trying to engage over here.