India IFGL refractories company more than half of its revenue from its refractory materials sales in Europe, but because of the sluggish steel market makes the company's profits in 2014-2015 is declining. But the company's iron and steel industry to some steps may help stimulate demand, and demand is also planning to promote refractory products.

India IFGL refractories company unveiled post-tax profits, its display in 2015 for the fiscal year () the profit of about $12.4 million, compared with the same period last year dropped 12%, falling profits is mainly affected by the fluctuation of foreign exchange and the European steel industry downturn. However, between April 2014 and March 2014 during revenues reached $124.5 million, and on a fiscal year compared to $122.6 million in revenues.

The company accounting annual pre-tax income of $2015 in 15.54 million, compared with $2014 in 17.74 million.

The spokesman said the firm IFGL this year's performance is not good. The company in China, Germany, Britain, the United States and India also have business. The company also said, due to the stronger dollar, and other export trade with Europe more difficult. The exporter include the Middle East, Africa and North America.

Recent moves by the European central bank to revive tighter euro zone economic recovery and inflation caused by the steel industry downturn.

In addition, IFGL also said that the company is located in the Indian state of gujarat candela's number of factory production double next year isostatic pressing refractory products, will increase the yield from 80000 to 160000. Hope this can lead to increase production, the company says the global market.

In addition, the IFGL company in December 2014, has completed the initial expansion in the United States Cincinnati el Salvador ceramics factory, the factory will be used in the production of isostatic pressing refractory products, to meet the demand of the U.S. steel industry.

The report also shows that IFGL India business tends to be stable in the country. The company said, cost control and product diversification has been proved to be beneficial to margins in an effective way to ascension. They are waiting for India's economic rise slowly, the hope can be the key to improve the government's infrastructure construction industry demand situation to change.