Speed breaker ahead: Steel products in short supply
Steel

Speed breaker ahead: Steel products in short supply

Housing and construction projects outside urban markets have been witnessing a slowdown for a few months with reports from dealers and buyers of a shortage of long steel products, such as bars, rods, and wires.

Construction steel, mostly produced by small, secondary steels mills spread across the eastern and southern regions has been in low-supply as many micro, small and medium enterprises (MSMEs) grapple to counter the effects of the pandemic on capital and labour as well as exorbitant iron ore prices.

As per analysts, the shortage is being felt severely in non-urban markets, where large integrated steel mills do not have a marketing presence, and where building projects may be delayed.

The shortage is being credited to the scarcity of iron ore in the local market.

In India, construction steel producers, mostly medium-sized enterprises producing unbranded thermo-mechanical treatment (TMT) bars and rebars at plants of under 2 mt per annum capacity, are unable to keep up with the increasing input costs due to lack of pricing power to pass on the rise in prices to their customers.

Access steel price trends here.

Image Source


Make in Steel 2021

24 February 

Click for event info

Housing and construction projects outside urban markets have been witnessing a slowdown for a few months with reports from dealers and buyers of a shortage of long steel products, such as bars, rods, and wires. Construction steel, mostly produced by small, secondary steels mills spread across the eastern and southern regions has been in low-supply as many micro, small and medium enterprises (MSMEs) grapple to counter the effects of the pandemic on capital and labour as well as exorbitant iron ore prices. As per analysts, the shortage is being felt severely in non-urban markets, where large integrated steel mills do not have a marketing presence, and where building projects may be delayed. The shortage is being credited to the scarcity of iron ore in the local market. In India, construction steel producers, mostly medium-sized enterprises producing unbranded thermo-mechanical treatment (TMT) bars and rebars at plants of under 2 mt per annum capacity, are unable to keep up with the increasing input costs due to lack of pricing power to pass on the rise in prices to their customers. Access steel price trends here. Image SourceMake in Steel 202124 February Click for event info

Next Story
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?