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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code