Simply its not a branch to opt. for unless you have no other branch which you are qualified for.Metallurgy though in some cases can give you a good package but it not happens everytime.Paper and pulp metallurgy are some branches opted as last  option.

In metallurgy engineering you will get in depth knowledge of phase diagram and properties of materials.
Jobs include
Selection of proper material having properties according to application
Checking for defects in materials

Respected sir,
Metallurgical and Materials Engineering educate students on the verticals of physical and chemical properties of different metals. Broadly, this engineering deals with all type of metal related areas. The course covers Hydrometallurgy, Mechanical metallurgy, Heat Treatment of steels, Welding metallurgy and many more. Besides the basics of engineering, the program also provides students with the knowledge of designing, manufacturing and production of various metal products starting from cars and bikes to buildings and planes.

Under this course, Physical Metallurgy, Extractive Metallurgy and Mineral processing (these three are considered as the major branches of Metallurgical Engineering) imparts problem solving abilities, ability to extract metals and gathering mineral products training to students.

Students on completion of this course become professional and capable of assembling metals to produce materials that can meet the industrial requirements. Experts in this field are mostly required by Aircraft and Oven industry.