With an aim to boost rural steel consumption in Uttar Pradesh, SAIL is setting up five steel processing units (SPUs) in the state. The SPUs will come up at Barabanki, Lakhimpur, Jhansi, Hardoi and Mirzapur in a joint venture with Supreme Alloys.
Steeling itself to cater to increased demand, the growth in India’s steel consumption outstrips its production, forcing import of commodities to meet local demand. The apparent steel consumption growth is expected to be 6.9 per cent in 2012 and 9.4 per cent in 2013.
While composite steel construction is preferred in industrial and commercial construction, steel is also gaining popularity in residential markets. Let’s delve into the many benefits of steel, which has led to its popularity in the construction industry