Steel is an iron based mixture containing two or more metallic and/or non metallic elements usually dissolving into each other when molten. Steel has been the key material with which the world has reached to a developed position. All the engineering machines, mechanical tools and most importantly building and construction structures like bars, rods, channels, wires, angles etc are made of steel for its feature being hard and adaptable. The TMT bars are widely used in construction works such as high-rise building, industrial structures, flyovers and bridges etc.
Indian demand is projected to rise to 200 million tonnes by 2015. Given the strong demand scenario, most global steel players are into a massive capacity expansion mode, either through brownfield or greenfieldroute. By 2012, the steel production capacity in India is expected to touch 124 million tonnes and 275 million tonnes by 2020. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
· Brilliant Steel Products Ltd.
· C P Re-Rollers Pvt. Ltd.
· Chamundi Steel Castings (India) Ltd.
· Dewas Metal Sections Ltd.
· Essar Steel India Ltd.
· Facor Steels Ltd.