Opportunities for growth of Iron and Steel in Private Sector

The liberalization of industrial policy and other initiatives taken by the Government have given a definite impetus for entry, participation and growth of the private sector in the steel industry. While the existing units are being modernized/expanded, a large number of new steel plants have also come up in different parts of the country based on modern, cost effective, state of-the-art technologies. In the last few years, the rapid and stable growth of the demand side has also prompted domestic entrepreneurs to set up fresh greenfield projects in different states of the country.

Crude steel capacity was 89 mt in 2011-12 (prov) and India, the 4 th largest producer of crude steel in the world, has to its credit, the capability to produce a variety of grades and that too, of international quality standards. The country is expected to become the 2 nd largest producer of crude steel in the world by 2015-16, provided all requirements for creation of fresh capacity are adequately met.

Indian banks hit by slowdown, steel sector on roller coaster ride.

NEW DELHI: The slowdown in economic growth has hit the performance of Indian banks, resulting in a sharp increase in bad loans, finance minister P Chidambaram said Thursday, adding that the government would soon infuse capital into the lenders.

“NPA (non perfoming assets) has increased. This is the reflection of the slowdown in the economy, and reflection of some sectors which are under stress,” Chidambaram said at a press conference after meeting heads of public sector banks and financial institutions.

Chidambaram said non-performing assets (NPAs), or bad loans, of the public sector banks increased by 0.98% at the end of the second quarter of the current financial year from the level of September-end 2011.

Source: http://timesofindia.indiatimes.com/business/india-business/Indian-banks-hit-by-slowdown-government-to-infuse-capital-Chidambaram/articleshow/17230980.cms

Special Temper Rolling Hard Steel Strips.

These are basically as rolled hard steel strip. To achieve a desired hardness, an annealed material of suitable thickness is taken and rolled down to the required thickness, to achieve that required hardness. After rolling, the material is pinch passed and final annealing is not required. To choose the correct thickness (for reduction to the desired thickness) is a matter of expertise.

Grades: This strip is available in low, medium & high carbon grades.

Applications: It is suitable for components where formability is limited. It saves the extra annealing cost. The strip is directly punched & formed and if required sent for heat treatment.