Eyeing a growth rate of around 10 percent per annum, the Indian Stainless Steel Development Association (ISSDA), the apex body representing the stainless steel industry in India, is advocating the adoption of global infrastructural standards by using stainless steel for transit hubs.
The apex body of the stainless steel industry in India is highlighting that stainless steel usage has been the benchmark in several sustainable infrastructural projects worldwide and persuaded all stakeholders to take a cue from these international transit hubs.
“Its exceptional characteristics make stainless steel the best fit for constructing transit hubs in India. Its durability, minimal maintenance and sustainability make it stand out among other materials in such areas of high footfalls. With the booming pace of infrastructural development, incorporation of stainless steel is a must for efficient, safe and durable transit infrastructure. A shift from old structural buildings to reliable and sustainable stainless steel infrastructure is the need of the hour,” said K K Pahuja, President, ISSDA. With a CAGR of 8-9 percent over the last decade, India is the second largest and the fastest growing market for stainless steel. At present, India’s total stainless steel melt production stands at around 3.6 million tons for both long and flat products.
Internationally, the practice of stainless steel usage has changed the speed of infrastructure modernisation. Transit infrastructure, ranging from railway stations, subway stations, and airports to ticket counters, elevators and barriers, has extensive potential for using stainless steel. The use of stainless steel in passenger coaches is a common practice in developed economies such as the US, Canada, Brazil, Japan, Korea & Australia and many East Asian countries. Other than trains, even buses and trams extensively use stainless steels in their outer panels.
This story is from the March 2019 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2019 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
