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

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?