Billets A semi-finished product obtained by forging, rolling or continuously casting, usually square (not exceeding 125 mm×125 mm in cross-section) with rounded corners or round (not exceeding 125 mm in diameter) and are intended for further processing into suitable finished product by forging or rerolling. Mild steel billets are used for mechanical engineering works such as manufacturing machines and their parts. Steel billets are used for production of plate, sheets, strips, rod etc.
India is the ninth largest producer of crude steel in the world production of 33 million MT and investment of over Rs1, 000 billion. Global steel demand will reach 1,616.1 MT in 2018, an increase of 1.8% over 2017 figures. In 2019, it is forecast that global steel demand will grow by 0.7% to reach 1,626.7 Mt. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· Gallantt Ispat Ltd.
· Ganga Iron & Steel Trading Co. Ltd.
· Hi-Tech Power & Steel Ltd.
· Jai Balaji Inds. Ltd.
· Kamachi Industries Ltd.
· Rohit Iron & Steel (India) Pvt. Ltd.