QVC Exports IPO description– QVC Exports deals in ferroalloys, including high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, high-carbon ferrochrome, and ferro silicon. It is also engaged in the dealing in raw materials for manufacturing of steel. The company procures raw materials required for manufacturers of ferroalloys, such as manganese ore, chrome ore, and coke, and purchases their finished products, being varied categories of ferroalloys, and further sells them to domestic and international steel manufacturers.
As of 30 September 2023, 95.34% of its revenue from operations was earned from export operations. As of January 31, 2024, it exported to various countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, United Kingdom, Belgium, Oman, etc. It imports manganese ore, and manganese ore lumps from reputed miners and manufacturers in Hong Kong and France.
