Steel Plates Archives - Bharat Steels

Why Is There A Rising Demand For Steel In India?

January 9, 2023

Metal consumption has been one of the main driving causes behind industrialisation. Steel has long held the top position among metals. Since steel serves as both a raw element and an intermediary commodity, its production and distribution are commonly used as indicators of a nation’s economic development. Contemporary steel mills also make up India’s modern steel industry. It has always worked to upgrade older plants to better energy efficiency levels and to modernise them continuously. India produced 10.14 MT of raw steel in 2022, ranking second worldwide. Therefore, it would not be overstating the case to say that the steel industry is the backbone of the economy and has always stood at the frontline of industrial advancement.

With the rise in demand, the price has also increased. Find the reasonable SAIL TMT price, TMT bar price and MS plate price in Chennai for the best structures and construction at Bharatsteels. In this blog, we will be looking at the major reasons behind this huge demand for steel.

Market Size and expansion

India’s steel industry has grown tremendously over the last 10–12 years. Since 2008, domestic steel consumption has surged by over 80%, while manufacturing has increased by 75%. Parallel to this growth, the ability to produce steel has increased, and this growth has primarily been organic. It is predicted that by 2030, crude steel output will reach 255 MT at 85% capacity utilisation, producing 230 MT of steel that can be used for manufacturing, construction and other purposes. The domestic accessibility of raw materials like iron ore and the affordability of labour have been the main drivers of expansion in the Indian steel industry. As a result, steel has been crucial to India’s industrial output.

More Investments

Recent years have witnessed significant investments and improvements in the mining and metallurgy industries, which are connected to the steel industry. FDI inflows into Indian metallurgical sectors worth $17.09 billion from April 2000 to September 2022, according to data made public by the Department for Promotion of Industry and Internal Trade. Due to increased construction activity, steel consumption is predicted to rise 17% to 110 lakh MT in FY22. Renowned steel companies such as Bharat Steel, one of the best JSW steel dealers in Chennai have already made major investments in expanding their production.

Future scope of Steel in India

The steel industry has risen as a key emphasis area given the importance of a wide range of sectors on steel production. Through governmental initiatives like Make in India, India now strives to become a global powerhouse. India is the world’s second-largest manufacturer of steel, accounting for around 2% of the country’s GDP, and is on track to become the second most consumer of steel. India’s export production capability and industry both have the potential to aid the country in regaining a positive steel commerce balance. With the rise in construction and industrialisation in India, we can see a surplus amount of SAIL TMT bar, ribbed bar, MS steel plate, and similar being produced and utilised.

India’s relatively low per capita use of steel, along with the anticipated increase in consumption brought on by expanded infrastructural development and the country’s booming automobile and railroad industries, present enormous growth potential.

Know The Uses Of Steel Plates In Different Projects

December 17, 2022

Steel has become indispensable for the structure’s integral stability if you take any sector. Steel plates are one of the steel products used in every industry because of their incredible versatility is the steel plates. Be it an MS chequered plate or hot-rolled plate, a typical steel plate structure comprises multiple steel layers that are compressed and formed into a flat plate. The best part of these steel plates is that they can be welded or cut into pieces per the project requirements. Similarly, these steel plates also come in various grades and shapes, which helps in many projects to give the required strength and durability for the building.

Hence, in this blog, you will briefly know the uses of steel plates in different projects.

Ship-building:

One of the prominent industries that use steel is the ship-building sector. Steel is used not only in constructing the ship but also in building large containers which carry large quantities of goods like oil. As steel has excellent resistance against rusting and corrosion, steel plates offer great assistance in constructing large containers by extending their lifespan explicitly.

Similarly, steel plates are also resistant to water, making them the ideal solution for ship-building as they can withstand ocean pressure. Moreover, steel plates are naturally manufactured with extreme durability for additional strength of plates. Despite its numerous benefits, the MS plate price in Chennai is very affordable at Bharat Steel, thus making it available for your project needs.

Public Service Sectors:

Another central area where these steel plates are included is in the military sector. In the military, steel plates are used in vehicles, buildings, and related military structures. Using steel plates, ships, military jets, tanks, trucks, and many more is commonly widespread.

Home Appliances:

Do you know that steel plates are also used in home appliances? Yes, steel plates are used in home appliances like dishwashers and refrigerators. The primary reason to use steel plates in these appliances as they help these devices stay at their temperature and prevent them from rusting. You can also find these steel plates in washing machines and other heavy-duty appliances to boost the strength and durability of the device. For this same reason, the constructors also use the SAIL TMT bar in their projects, which has the same composition as steel plates.

Pipelines In Industry:

The steel plates also find their applications in oil and gas pipeline projects as a pipeline with steel plates helps improve efficiency. Similarly, it prevents the pipe from collapsing due the rust and corrosion. Hence, the steel plates are welded appropriately and made into pieces to meet these demands and ensure the user that the system can be repaired during damage.

Hence, these are the essential things you need to know about steel plates and their application in various sectors. Bharat Steel, one of the best steel dealers in Chennai, is the right choice for your projects, where you can avail a wide range of steel products as per your customization.

Different Types Of Steel Plates Used For Construction

October 11, 2022

Steel plates are one of the construction materials happening in today’s world. The steel plates refer to the assembly of two parallel steel sheets, which are joined by either welding or tie bars. Steel plates are one of the most versatile construction components, which come in various shapes, sizes, widths, and breadths. Hence, due to its amazing versatility, the steel products, such as wires, rods, plates, and SAIL TMT price for bars, have gone by 117% in the last six years. It is also seen that the steel price can increase up to 30% by the end of next year. However, without the incorporation of steel plates, the structure may lose its stability over the foundation.

Hence, this blog will primarily look into the different types of steel plates used for construction.

Checkered Plates:

The foremost type of steel plate for construction is a checkered plate. These steel plates have angular patterns on them that are slightly raised. The angular patterns incorporated into the steel plates include designs of diamond, bean, round bean, and mixed. It is to be noted that these patterns are contained to offer an extreme grip for the people making lesser slips or falls. Hence, many MS steel suppliers in Chennai manufacture mild steel ideal for the elevator, industrial, and parking stairs or floors.

You can also find these steel plates at the corners of the door kick or walls to prevent scratches. These are easy to maintain as they resist elements like dust, liquids, and other kinds of dirt.

Galvanised Plates:

Another form of steel plate you can find in many construction projects is galvanised plates. The regular steel sheets undergo galvanization added to the immersion of molten zinc to increase the plate’s strength. It is incredible to know that these plates, despite their high strength, can be moulded into desired shapes, making them ideal for various projects.

Due to the extra-coating zinc, these plates have high resistance to wear and tear. Similarly, they can handle varying temperatures and hence finds their application in household products such as water heaters.

They are also a default option for making roofings and sheds, as they can last for a few decades because of their resistance to anti-corrosion.

Mild Steel Plates:

Thirdly, mild steel plates are a standard option for many projects. These are carbon steel and have excellent versatility, which can be welded into the desired shape. As these plates come in different thicknesses, they are an ideal option for structures or projects which include complex cross-sections or sections.

Similarly, these plates do not need special tools to remove or cut the MS plates. This MS chequered plate finds its application in the shipping and construction industry to make equipment and terminals for bridges, buildings or warehouses.

Hence, these are the primary steel plates commonly used in various industries depending on demands and purposes. Thus, approach Bharat Steel to avail bars, channels, or MS plate price in Chennai at a competitive rate.