Gaps and opportunities in the Indian structural steel segment
Steel

Gaps and opportunities in the Indian structural steel segment

Focusing on the creation of infrastructure and industrialisation has put the spotlight on the use of steel as a construction material and its availability.

Beyond doubt, India’s steel sector has come a long way. “India is now the 3rd or4th largest producer of steel in the world, making one of the bestquality steels globally,” observes Manish Garg, Chief Executive Officer, Interarch Building Products.

That said, is the present installed capacity enough to cater to thescale and size of the National Infrastructure Pipeline (NIP), or do supply delays occur?

“We normally get the steel on time but the delivery cycles are long; for instance, steel mills supply once in 45 days,” shares Garg.

“Demand-supply gaps in structural steel procurement and price fluctuations have delayed several of our projects,” says Abhishek Sanyal, Director, Force Structural Engineers. “Sometimes, the procurement of enabling structures like gantries was slower than anticipated, which delayed the execution. Or the price of steel saw sudden increases, necessitating the reworking of design and construction philosophies.”

A point of concern surrounding the availability of steel in India, albeit minor, is the ability of countries like China to deliver high volumes of fabricated steel parts at relatively cheaper rates, adds Sanyal. “Indian manufacturers and fabricators need to counter this situation by boosting their capacity.”

To read the full feature, CLICK HERE.

Focusing on the creation of infrastructure and industrialisation has put the spotlight on the use of steel as a construction material and its availability. Beyond doubt, India’s steel sector has come a long way. “India is now the 3rd or4th largest producer of steel in the world, making one of the bestquality steels globally,” observes Manish Garg, Chief Executive Officer, Interarch Building Products. That said, is the present installed capacity enough to cater to thescale and size of the National Infrastructure Pipeline (NIP), or do supply delays occur? “We normally get the steel on time but the delivery cycles are long; for instance, steel mills supply once in 45 days,” shares Garg. “Demand-supply gaps in structural steel procurement and price fluctuations have delayed several of our projects,” says Abhishek Sanyal, Director, Force Structural Engineers. “Sometimes, the procurement of enabling structures like gantries was slower than anticipated, which delayed the execution. Or the price of steel saw sudden increases, necessitating the reworking of design and construction philosophies.” A point of concern surrounding the availability of steel in India, albeit minor, is the ability of countries like China to deliver high volumes of fabricated steel parts at relatively cheaper rates, adds Sanyal. “Indian manufacturers and fabricators need to counter this situation by boosting their capacity.” To read the full feature, CLICK HERE.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000