The market of CRCA Steel Strips, in India is having a robust growth. New integrated steel plants are coming up in the next 3-4 years to cope this demand.India,s steel production is expected to jump at 100 million tonnes in the next 10 years or so.
After China, with an annual production of 300 million tonnes per annum, India is expected to become the next hub for steel.
To meet this huge demand, we must have sufficient reserves for iron-ore. I feel that India should put a curb on the export of iron-ore.
Indian manufacturers are producing quality CRCA Steel Strips. That is why the import of wider CRCA Strips, in India has more or less stopped. Now CRCA Strips are available upto a width of 1800mm in India.
Analysts are expecting a constant growth in demand of steel at 10% in India for the next 10-15 years.