Items filtered by date: April 2020

As the novel coronavirus spreads across the globe affecting over 200,000 persons with around 8,700 deaths reported to be caused by the Covid-19, businesses and economies are being adversely affected in an unprecedented manner.

Governments are hurriedly issuing advisories, announcing fiscal packages and banks are assisting in whatever ways they can to curb the fallout of the pandemic on business enterprises.

With China badly hit, all industries the country caters to globally, have also taken a beating. Take for instance the steel industry. Prices in China, which produces over half the world’s steel, have slumped like never before because the epidemic spread from China’s Wuhan.

With few buyers opting to purchase steel from the giant, an inventory has piled up, driving down the prices of steel globally. However, this could play to the benefit of the Indian steel industry in that people are looking for an alternative supply-chain market, especially for the manufacturing and auto components sector.


Steel manufacturers in India are saying that buyers across the globe are choosing not to be dependent on any one country for their purchases. Also, since the impact of the outbreak has been comparatively minimal in India, the steel manufacturing companies in India have not been adversely affected yet. Sectors like steel, housing and agri-businesses are still positive in India, experts say. The Automobile industry is the only one not showing signs of recovery, though it is said to start picking up by the second half of 2021.


The only aspect which remains related to the build-up of inventory in China is whether the stock will be consumed locally or exported. The price of steel has reacted to the build-up the most in South East Asia since there are fears that the stock pile will end up in the markets of South East Asia.

Experts claim that while there has been some pressure on steel prices in Europe and India, the prices have not yet dropped. Prices that could have kept increasing have slowed down in their increase slightly and a bush-pack is being experienced by the steel industry in India.

In fact, by some reports, Indian companies might face a pricing pressure of about $30 a tonne in April, May and June this year, rating agency India Ratings (Ind-Ra) said. However, the impact of the virus on prices can be determined fully only after major manufacturers like Japan, South Korea, and the US reveal how the demand-supply-chain has been affected in their geographies respectively.

The report stated, “China’s local steel demand has reduced drastically in Q120 (first quarter of 2020) creating an increased inventory pile-up of about 20 per cent year-on-year (y-o-y), leading to steel price pressures globally and restricting any major price increases in India over March 2020”. It further stated, “In a pessimistic scenario of the spread of virus going beyond April 2020 up to June 2020, China 2020 steel demand growth and global steel demand growth may be impacted by 200-300bp and 200bp (basis point), respectively”.

Published in Latest Blog
Wednesday, 22 April 2020 16:28


A construction project is a huge venture consisting of different stages. Besides, it is one of the ideas which demand a considerable amount of time to ponder over it before you actually go for it. Moreover, you also need to keep things in your budget because more often than not, an unplanned construction can push you in debt.

It is also important that you do not compromise on the quality of steel manufacturing companies if you are looking for a construction anytime soon. This is because we all want our homes to be safe and durable for the long years ahead. Therefore, we never want it either. However, there are easier and more feasible ways to cut your cost out there.


Budgeting things are difficult and more so when it comes to construction. So, you need to be careful about where to save your money.

We know that you cannot look beyond the best TMT bar manufacturers in India, but there are a lot of other things that you have to keep in mind to reduce your building expenses.

Check them out:


A construction might seem to be a never-ending process but you must be there most of the times. Overseeing things from a distance is good but not the best of the process when it comes to construction.


From the slightest choices of colour and design to the biggest of the decisions, you need to stay there to tailor things according to your dreams.


It’s better to go through the works of a list of contractors before going for a particular one. A good contractor should not only give their best in terms of the product and quality but also suggest exclusive ideas to make things better on site. Most importantly, they should always go with the top TMT bar manufacturers India to build a durable architecture.



Technological advances are one of the biggest assets of this era and it is for the same reason that we consider ourselves to be ahead now than we were any time before. From building equipment to building materials, technology is witnessing a conspicuous rise. The Steel manufacturing companies India have also joined the league and are up for huge achievements in the upcoming years.

Technology sprawls around all of the present industries and construction is one of the prominent industries among them. So, never hesitate to seek technical help when it is available.


The trend of DIY is not only helpful in construction but also a range of other activities. Doing it yourself doesn’t come with any regrets. Apart from saving your precious bucks, doing things yourself would also tailor things according to your wish.



Most of the contractors won’t let you have a grab at the raw materials, their pricing and the unused materials. However, if you have an eye for saving then you can perhaps save the excess materials/leftovers in the future. This will usher cost-effectiveness.

With all this, you always need to remember the best TMT bars Kanpur for an added layer of quality and security in your next construction. The best steel manufacturers in Bhubaneswar is now also available as the Top TMT bar in Lucknow with the selfsame quality. You can also go for the steel manufacturers in Odisha if your project is nearby.

Published in Latest Blog
Wednesday, 22 April 2020 16:26


Many may need to flip houses, and for this, one must guarantee that their construction is secure and full of valuable add-ons. Hence, there is nothing like opting for the best steel manufacturing companies India for the other structures/add-ons in the house. It will not only ensure a successful flipping venture but also keep the costs within your limited budget during the construction.

Furthermore, with steel structures, you can keep adding to the assets of your property to look for promising returns in the future. It also adds to the living space of your property. All these you can get tailored without breaking your bank.

If you are planning to construct an asset for flipping houses later on in the future, then you should build the property responsibly. Here you would certainly need financial help. But always remember to make it properly so that it rewards you well. Going for the best Steel manufacturers in India can minimize your worries.

Steel construction can further make the property spacious and also help the guests to stay at the house if needs be. Many may go for a new prefabricated steel granny flat or a cottage at the backyard, thereby keeping the expenses in the budget. You can also go for them in case your house is on the smaller side. Add ons like these will undoubtedly multiply the value of the returns when you flip your home.

You can also look for other steel structures to grab the attention of the potential buyers of home. Construction of sheds and garages out of steel shall help immensely to make your home appear to spread out and, thus, help in attracting the home buyers, increasing the total value of your property.

Security is of utmost importance, and it should be your priority if you are planning to construct a home. Hence, choosing the best TMT bar manufacturing companies is the way to go.

Published in Latest Blog