Present Status of Indian Steel Industry
to the Press Information Bureau, India positions second in producing
crude steel and fourth in producing steel in the International markets.
This industry has seen an immense growth by producing steel and its
allied products in large quantity. Steel is a ever green metal which is
and will always be in high demand in several sectors like construction,
housing, transportation, railways, airports, etc. As per the prediction
of National Steel Policy, India may produce 110 million tonnes of steel
by the year 2020. The scenario that is booming in the market clearly
shows that India will reach to these expected units of production on
time, if this situation keeps flourishing like this. This clearly
depicts that Indian Steel Industry has a major contribution in the
economical development of the nation and there is more source of
employment in the country.
Benefits of Using Steel Products
it a flyover, residential home or any other building, steel has a large
number of applications in every sector and field. It is known to be a
constructor's best friend as it provides strength and flexibility to
construct buildings with innovation. Some of the benefits for using
steel in various sectors and construction are listed below:
- Fire resistant: The allied products of steel have been checked and are able to withstand several industrial conditions.
- Adaptability: Because of its amazing flexible property, it can be adjusted as per customers' desire to create any product easily.
- Cost-effective: Being lighter in weight when compared to other material, it reduces the cost for fuel and transportation.
- Durable: This material can withstand diverse industrial conditions and possess anti-corrosive property.