If we told you to imagine a world without steel, you would probably have to imagine back to the time of the stone age. That’s how indispensable steel has become to our everyday life. Ever since the industrial revolution accelerated the manufacture of steel, the modern world has never been the same.
Every structure that is integral for economic activity and social development is designed with the help of steel. Roads, airports, commercial offices, warehouses, trains, residential complexes and so much are constructed with the aid of steel. This need establishes the steel industry as a core component of development. This has also led to massive investments within the field.
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The Indian Steel Industry – A Beacon of Growth
Steel production has positively impacted the development of India. Abundance of iron ore and limestone – the raw materials used in production of steel, has helped accelerate steel production in India. This acceleration is necessary given the increasing consumption of steel in the subcontinent.
India’s steel consumption has increased from 22 million tons to 105 million tons in the span of 4 decades. The sector contributes up to 2% to the country’s GDP. Not only this but the steel sector in India, provides employment to up to 25 lakh people. India has, over the years, proved to be a force to be reckoned with in the global steel industry. We are self-sufficient in meeting the internal demands for steel production and our ability to export 10.7 million tons of steel has increased our GDP.
The Indian Steel Industry – A Hub for Investors
From the above, we know that the steel industry in India is heading towards massive growth. The administration has recognised this growth and has introduced several schemes that will further accelerate the growth of the industry. Several initiatives proposed by the government in the housing, infrastructure and automotive sector, are supporting the growth of the steel industry. These focused efforts have invited domestic stakeholders to invest in the industry. India is also working towards becoming a major steel exporter and this has proved to be an added stimulus to investors.
The Best of Steel – TMT Bars
Even within the steel industry, there is one product that has taken the world of construction by storm – that is TMT bars. Made of steel, TMT bars have become foundation stones in all aspects of construction. Most of the steel produced is used in the manufacture of TMT bars by TMT bars manufacturers. Sree Metaliks is a TMT bar company that has been producing high-quality, durable and top-grade TMT bars in India. Producing the best TMT bars in India, Sree Metaliks is becoming a key player in the steel sector in India. These TMT bars manufacturers in India are on the frontlines of making steel-based products stand out in the global market. Head to our website to opt for the top TMT bars in India.