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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement