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Steel to resume high growth track this year

Steel to resume high growth track this year

India is witnessing massive construction in all sectors of infrastructure. The new age infrastructure in the current scenario demands a combination of innovative construction styles along with usage of robust technology and supreme quality material, for desired sustainability. To support the latest construction technologies, SRMB has developed revolutionary and innovative reinforcement bars.

“Our world-class steel product incorporates several technological innovations, supporting ambitious infrastructure for smart cities. The latest being, WINGRIP rib designed exclusive technology to the TMT bars which aims to bring superior rib design, in addition to improved mechanical and chemical properties to construction projects,” says Ashish Beriwala – Director Marketing at SRMB Srijan Pvt Ltd.

With applications to a variety of projects like residential, commercial, runways, prefabricated buildings and tunnels, the product aims to revolutionise the Indian construction scenario. We have further pioneered several paths – breaking products / services of the Industry such as “X” pattern ribs on our TMT bars, Azar- a vastly superior corrosion resistant rebar.

Smart city projects in India are synonymous with efficient, fast and optimised solutions, leveraging technology, leading to holistic urbanisation. The company adds value to these projects improving the on-site efficiency and decreasing wastage because of availability in several diameter options, customised length and design flexibility.

Additionally, there are a number of exciting new trends that are likely to impact the steel market in some capacity. The requirement of construction industry for TMT bars is moving towards value-added steel items with additional features, customised length and delivery options, higher precision in tolerances, etc.

Government’s decision to boost infrastructure by launching ‘Housing for all schemes’ has given the much-needed boost to demand for building materials, one of them being TMT bars. To a great extent, slowdown in real estate and infrastructure has been countered by the same.

“We are slowly witnessing greater traction from infra and real estate segments. Acknowledging this, we are coming up with several innovative new products that are not just affordable but also meet diverse customer requirements,” he said.

In 2018, global steel demand continued to show resilience supported by the recovery in investment activities in developed economies and improved performance of emerging economies. Demand for steel is expected to remain positive in 2019, growing at 1.4 per cent globally, and is expected to move back to a higher growth track. Steel demand will be supported by improving investment and infrastructure programs.

We are slowly witnessing greater traction from infra and real estate segments.
Ashish Beriwala – Director Marketing at SRMB Srijan Pvt Ltd

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