The steel sections manufactured in rolling mills and used as structural members are known as rolled structural steel sections. The steel sections are named according to their cross sectional shapes. The shapes of sections selected depend on the types of members which are fabricated and to some extent on the process of erection. Many steel sections are readily available in the market and have frequent demand. Such steel sections are known as regular steel sections. Some steel sections are rarely used. Such sections are produced on special requisition and are known as special sections.
Structural steel is a popular material used in the construction industry especially for building skyscrapers, bridges, tunnels, towers, industrial buildings and road barriers because of the properties they possess. Some important properties exhibited by structural steels are low weight, high strength, ease of use and uniformity of properties. Structural steels come in various shapes including squares, hexagons and rounds.
India’s economic growth is contingent upon the growth of the Indian steel industry. Consumption of steel is taken to be an indicator of economic development. While steel continues to have a stronghold in traditional sectors such as construction, housing and ground transportation, special steels are increasingly used in engineering industries such as power generation, petrochemicals and fertilisers. India’s finished steel consumption grew at a CAGR of 5.69 per cent during FY08-FY18 to reach 90.68 MT.
India’s crude steel and finished steel production increased to 102.34 MT and 104.98 MT in 2017-18, respectively. 2017-18, the country’s finished steel exports increased 17 per cent year-on-year to 9.62 million tonnes (MT), as compared to 8.24 MT in 2016-17. Exports and imports of finished steel stood at 4.33 MT and 5.41 MT, during Apr-Nov 2018. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under:
· Bildon Steels (India) Ltd.
· Brilliant Steel Products Ltd.
· C P Re-Rollers Pvt. Ltd.
· Chamundi Steel Castings (India) Ltd.
· Dewas Metal Sections Ltd.
· Diamond T M T & Procon Pvt. Ltd.
· Divy Rollform Ltd.
· Durgapur Steels Ltd.
· Electrosteel Steels Ltd.
· Essar Steel India Ltd.
· Facor Steels Ltd.
· Hans Ispat Ltd.
· Indore Steel & Iron Mills Ltd.
· Indrola Steel Rolling Mills India Ltd.