Chinese Steel Traders Demand Delay in New Rebar Standards

26 Jul 2024 CW Team

Chinese steel traders have formally requested a delay in the implementation of new rebar standards set to take effect soon. The request highlights concerns over the tight schedule for compliance and its potential impact on the industry.

The new standards are designed to improve the quality and safety of rebar used in construction projects. They mandate stricter controls on the composition and production processes to enhance the durability and reliability of the steel. However, the steel traders argue that the industry needs additional time to adjust to these regulations.

Traders express apprehension about the sudden shift, which they believe could disrupt manufacturing processes and lead to higher production costs. Such increases could ultimately be passed down to consumers and impact ongoing and future construction projects.

Additionally, there are worries about the preparedness of local steel mills to meet the new requirements promptly. The industry is concerned that without an extended transition period, compliance could strain resources and operational capabilities, potentially leading to inefficiencies and production delays.

The request for a delay is currently under review by regulatory authorities. The outcome will determine if an extension will be granted, allowing steel producers adequate time to align their practices with the new standards while minimising disruptions to the supply chain and construction industry.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..