Steel is one commodity that has held a top position among metals for a long time. India’s domestic steel demand is estimated to grow annually by 7.5% to reach 128.85 million tonnes (mt) in the current financial year. According to estimates by the Indian Steel Association (ISA), domestic steel demand stood at 119.86 mt in fiscal 2022-23. Demand is expected to rise further by 6.3% to reach 136.97 mt in the next financial year 2024-25 as per the ISA projections.
Since its inception over 4,000 years ago, steel has been the foundation of global modernization in building construction, transportation, and manufacturing. Steel and iron production ranks first in total global CO2 emissions at 8% and second in overall energy consumption. The industry must pivot aggressively and innovatively to meet modern challenges regarding emission prescribed by the net-zero emissions by 2050 initiative.
Denne historien er fra December 2023-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2023-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ELEVATOR INDUSTRY GETS BOOST FROM GROWING METRO NETWORKS
The elevators and escalators industry is seeing a boom. Metro rail networks are one of the main reasons
NAVIGATING A CHANGING LANDSCAPE
How APL Apollo is adapting to meet the evolving needs of the steel tube industry
CASAGRAND CASABLANCA
The property is a sanctuary of indulgence
PURVA CLERMONT
The epitome of global living in Chembur, Mumbai
ELAN GROUP TRUSTS LEIGHTON ASIA WITH 2ND CONTRACT
Will begin work in November
MAHA GOVT SETS NEW RECORD IN INFRA DEVELOPMENT
The firm raise Rs 730 cr through its IPO
FINALLY! TWO ADDITIONAL RAILWAY LINES
With an estimated cost of Rs 2,184.02 crore
TWIN TOWERS COMING UP IN NOIDA SOON
The two towers will be juxtaposed In cosmic precision
RUSTOMJEE INTRODUCES 'VERDANT VISTAS' IN THANE
Expansive residences with uninterrupted creek views
A MEAN MACHINE
Backhoe loaders are one of the most versatile equipment, and why