#tmt steel bar odisha

[kstel]

Steel Market Update Tracking Daily Price Trends and Analysis in India

In the vibrant and ever-evolving steel market of, daily price trends significantly impact numerous sectors, from construction to automotive. Whether you’re an industry professional, trader, or simply curious, staying updated on these fluctuations is crucial. In this article, we’ll delve into the movements in steel prices across India, uncover the factors driving these changes, and provide you with a comprehensive analysis to help you stay ahead in this dynamic market.

The Landscape of Steel Prices in India

Current Trends and Daily Updates

Steel prices in Bangalore, India fluctuate daily due to a multitude of factors. As of the latest reports, there has been a noticeable rise in the prices across various grades of steel including hot-rolled coil (HRC), cold-rolled coil (CRC), and TMT bars. The price of HRC, for example, has seen a growth of approximately 2% over the past week.

Factors Influencing Daily Price Trends

Global Demand and Supply Dynamics:

A surge in global infrastructure projects, especially in China and the US, has driven up demand.

Supply constraints from major exporting countries can lead to price hikes domestically.

Raw Material Costs:

The cost of iron ore, a primary raw material for steelmaking, directly impacts steel prices.

Fluctuations in coking coal prices also have a significant effect.

Government Policies and Import Duties:

Changes in import-export duties can alter competitive pricing, influencing the domestic market.

Anti-dumping duties on imported steel to protect local manufacturers.

Economic Indicators:

Inflation rates, currency fluctuations, and GDP growth are key economic factors that impact steel prices.

"Monitoring steel prices is quintessential for businesses relying on steel inputs to manage their budgets and forecast future costs accurately."

Regional Price Variations

Prices can vary significantly between different regions within India. For instance, the states of Maharashtra and Gujarat often report higher prices compared to eastern states like West Bengal due to logistical costs, local demand, and availability of raw materials.

Case Study: Price Trends in Different Regions

Western India (Maharashtra, Gujarat):

HRC prices: INR 54,000-55,000 per metric ton.

Elevated prices are driven by strong industrial demand and import logistics.

Eastern India (West Bengal, Odisha):

HRC prices: INR 52,000-53,000 per metric ton.

Competitive prices due to proximity to major steel plants and raw material sources.

Comparative Analysis with Global Prices

While Indian steel prices have shown a steep rise, it’s important to compare these trends with the global market. In the US, steel prices have experienced similar upticks due to infrastructure projects spurred by government initiatives.

Indian Steel Prices:

HRC: INR 53,000 per metric ton

CRC: INR 60,000 per metric ton

Global Steel Prices (converted to INR for comparison):

HRC in the US: INR 60,000 per metric ton

CRC in China: INR 58,000 per metric ton

Economic Implications and Industry Impact

Impact on Construction and Infrastructure

The construction sector, being the largest consumer of steel, is directly affected by price variations. Marginal increases in steel costs can lead to significant budget adjustments for large-scale infrastructure projects.

Effects on Automotive Industry

The automotive sector also heavily relies on steel, especially for manufacturing bodies and frames. Increased steel prices can elevate overall production costs, potentially affecting car prices and sales.

Strategic Insights for Businesses

Mitigating Risks with Price Variability

Forward Contracts and Hedging:

Businesses can lock in prices through forward contracts to hedge against future price surges.

Diversifying Suppliers:

Maintaining a diverse supplier base can mitigate the risk associated with localized price increases.

Technological Investments:

Investing in technology to enhance material efficiency can offer long-term savings.

Conclusion

Staying abreast of the daily fluctuations in steel prices is more than just a necessity; it's a strategic imperative for navigating the complexities of the Indian market. By understanding the factors influencing these trends and their broader economic impacts, businesses can make informed decisions to safeguard their interests.

"For enterprises dealing with steel, staying updated on market trends is the key to strategic planning and cost management."

Takeaway

Whether you are a stakeholder in the steel industry or use steel products in your operations, staying informed about daily price trends in India is essential. Use the insights provided here to make well-informed, strategic decisions to thrive in this dynamic market. For more detailed reports and regular updates, keep following our blog.

Note: Prices mentioned in this article are indicative and subject to change. Please refer to official sources or market advisories for real-time pricing.

Source: https://ksteelw.blogspot.com/2024/09/steel-market-update-tracking-daily-price-trends-and-analysis-in-india.html

[buildingmaterialsuppliergurgaon]

Comaron is an easy solution for construction materials in India. We deal with all types of cement and TMT steel brands and other construction material. TMT bar fabricating organization provides its items to the government offices, common contractual workers, industry houses and land engineers. They are seamless for flyovers, dams, spans, along with other basic structures where a high return load is compulsory without settling on the quality as well as pliability. To know more details about Ultramax TMT 550 Price in Odisha, India visit our official website.

[epoxycoatedtmtbars]

5 Reasons to Choose Epoxy Coating over TMT Rebars

Western India’s first fully integrated manufacturing facility, producing BIS approved Epoxy Coated TMT Bars at a single location.

Constructing an outstanding structure requires a massive investment of time, money and other things. Hiring an architect to the laborers, best quality materials: right from concrete, pipes, wiring, tiles and most importantly steel rods that will frame the backbone of the structure giving it the required strength and stability it needs. 

Here are 5 reasons to choose Epoxy Coating over TMT Rebars.

Location Matters:

The coated rebars are very helpful and used in all the parts of India but these are extremely beneficial in the coastal regions as in Mumbai, Kochi, Odisha and much more. The life of the products get extended in no time. Just a step is needed in the right direction. Epoxy paint is extremely strong and durable, which makes it impact resistant. This means that your coating will not crack, split or fracture on impact.

Extends the Durability:

Once epoxy cures, it becomes a hard-finished surface. Most equipment manufacturers use a white enamel paint because it is cheaper. With enamel paint, you will have to repaint tanks much more often due to rust, and that includes tanks that reside indoors. Epoxy paint coatings will last approximately five years, even if the tank resides outdoors. 

Free from harmful toxics:

Do you love the earth? We do too! Not only is it the most durable, but epoxy coating is also an environmentally friendly choice. Due to epoxy’s high cohesion, fumes will not erode or dissolve into the environment including your air or traces of water. Additionally, recoating less frequently results in less chemicals being used overall.

It can resist uninvited chemicals:

Chemical corrosion is common in industrial plants because harmful chemicals are often used for cleaning and machinery operation. An epoxy coating is ideal because it will protect your tank from these harsh chemicals. Don’t let an accidental spill or leak ruin the exterior coating of your tanks!

These are Weather Resistant:

Many steel processing tanks are placed outdoors, which can cause corrosion issues. With an epoxy tank coating, your steel tank will be able to withstand extreme temperatures, such as up 390 degrees Fahrenheit. It will also be water resistant. No need to dread the spring, with epoxy coating you will be covered!

There are many reasons why manufacturers and business owners choose epoxy coating for metal, steel, and a variety of other different applications. If your tanks are currently coated with enamel, you should consider the benefits above. For more information visit http://www.hariomepoxyshield.com/ or call 810-999-0000

[joydipghosh99]

Shyam Metallics IPO Note

Shyam Metallics IPO

Shyam Metallics is a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. As of 2020, the company is one of the Leading players in terms of pellet capacity and the fourth largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India.

The company operate three manufacturing plants, one in Odisha and two in West Bengal. The company TMT and structural products are sold under the brand “SEL”. Shyam Metallics also undertake conversion of hot rolled coils to pipes, chrome ore to ferro Chrome and manganese ore to silico manganese for an Indian steel conglomerate.

KEY STRENGTHS

Strategic location of our manufacturing plants supported by robust infrastructure leading to cost and time efficiencies.

Integrated operations across the steel value chain.

Multiple product basket – steel, long steel products – Bar, Rod, TMT, Wire rod, Angels, shapes, sections etc. Flat products Cold Rolled CR strips, Hot rolled HR strips. Alloy steel, non-Alloy steel

IPO Tentative Dates

IPO - Opening 14 June, Closing 16 June. Shares Allotment -21 June. IPO Listing on 24 June

Issue Price -Rs 303-306 Per Equity Shares Lot Size -45 Shares. Minimum Investment - Rs 13,770 per Lot

To check Allotment Status

On BSE click here- https://www.bseindia.com/investors/appli_check.aspx

On Registrar site click - https://www.linkintime.co.in/IPO/public-issues.html

Other Allotment status check link - https://kcas.kfintech.com/ipostatus/

For doing investments in Mutual funds, SIP, IPO’s , Insurance etc. Call/whatsapp- 8860801116 or mail – 

contact@wealthfundas.com

Steps of How to Start SIP With Us” Watch Video-

https://www.youtube.com/watch?v=0PlG4t4s3QE&feature=emb_imp_woyt

[salagramsteel]

Why is it Best to Use Corrosion Resistant TMT Bars?

TMT bars or the Thermo Mechanically Treated bars are one of the trending steel products in present times. These TMT bars are the essentials in construction to elevate the calamitic protection of several structures. However. In order to assure safety, it is essential to use TMT bars, resistance to corrosion which ensure the long-life of the structures.

TMT bars are basically the upgraded version of the TOR steel with a touch of technology. However, the twisting procedure is not involved in the making of the Thermo Mechanically Treated bars.

If you are from Kolkata and hassling for the best TMT bars manufacturer in Kolkata, you can knock on the doors of Salagram Power and Steel limited for quality TMT bars with high corrosion-resistance.

Wondering why corrosion resistance is vital for the TMT bars, let's dig in to find the reason.

Reasons Why You need Corrosion-Resistant TMT Bars

TMT bars are an innovation to the old-school TOR steel that gets corroded in the concrete due to Chloride ions' presence. The TMT bars are 100% corrosion-proof as they are designed with enhanced technology.

TMT bars are far more superior over the old TOR steels. Along with being corrosion-resistant, they are fire-resistant too. They have high thermal stability that allows them to resist any temperature within the 400-to-600-degree Celsius range.

TMT bars come with a higher bonding strength that enables them to hold the joint areas firmly. They create an external rib cage for the structures, bonding strongly with the cement or concretes.

Why Reach out to Salagram – Soul of Steel for Quality TMT Bars?

Salagram, with its top-notch manufacturing facilities, has captured the throne of one of the best TMT manufacturers in North Bengal. Its highly advanced equipment powered with technology generates the most premium quality steel. We at Salagram believe the customers to be our first priority. We understand the customer's needs to frame innovative strategies and formulate them to create world-class quality TMT Bars. Our TMT bars are designed in such a way that they possess a high corrosion resistance and rust-proof technology. Our efficiently designed TMT rods ensure to resist corrosion and keep the constructions strong for years. We offer a vast range of TMT bars and other steel products that adds a touch of perfection and durability to the structures. Salagram stands on the roof of quality. We serve the customers with enhanced quality steel products as per their requirements. Its highly customer-centric services make Salagram Power and Steel Limited the ultimate stop to your quest for the best TMT manufacturer in Siliguri, Kolkata, or Odisha region.

[mad4india]

‘Never give up, believe that you can win’ is the motto Gunwant Singh Mongia follows in his life. The owner of Mongia Steel Limited did not have it easy when he first started his journey in the iron and steel industry. When he first began his journey in the world of steel, it was by selling iron nails, village to village, on a scooter.

Foundation of Success

Gunwant Singh Mongia – born on 31st October belonged to a small humble family. His father, Daljit Singh, operated a small iron factory in Giridh, a small town in Jharkhand. It was enough for his family, but not enough for Gunwant Singh, he had bigger plans. He soon banked enough money to open up a furniture shop where he set up a timber cutting machine and ventured into plywood.

However, he joined the family business again in 1982 with his brother Amarjit Singh and they continued to tackle the iron and steel industry. Both the brothers made the factory grow multi folds. In 1983 they set up rolling mills at 1.41 acres of land and by 1988 it became stable. Following the success of the rolling mill. They set up another rolling mill in 1991 and the third one in 1995.

Mongia Steel Limited

In 2001 when brother Amarjit divided the company and moved to Assam. Gunwant Singh tried to enter a new business other than the existing family business. So after his brother left, Gunwant Singh started a strip mill to manufacture pipe and profile. Sadly, this was not well received in the iron and steel industry because of competition.

In 2003, Gunwant Singh took the iron and steel industry by its horns and explored a new technology which was TMT bars. TMT stands for Thermo Mechanically Treated bars. These are hard on the outer surface but have a softer core. These are stronger and more durable than the regular twisted bars.

Suggested For You This young lady is putting waste temple flowers to good use, Make organic products and provide a predictable livelihood to women flowercyclers

The iron and steel industry was astounded by the invention of the TMT bars, which is why business took off in 2013. At present, Mongia Steel Ltd. produces over 350 tonnes of TMT bars out of their 30 acres of campus and 300 employees. They cater to a major market in Jharkhand and its neighboring states like Bengal, Bihar, U.P., and Odisha. They have built a powerful network of over 300 dealers in different states.

Endorsing Mongia Steel Limited

Iniitally, Gunwant Singh did not have enough budget to ask a celebrity ambassador to endorse his brand, so he endorsed his brand himself ‘Mongia Steel Es Power’. Today the 57-year-old is the ambassador of one of the largest steel-producing companies in India.

Even though Gunwant Singh Mongia belonged to a small and humble family, he never thought less of himself. He faced several difficulties and challenges, but he soldiered on. This is the reason we know him today as ‘Steel ka Badshah’ or the king of steel.

His courage is extremely inspirational. He could overcome all prejudices and create the success story that is Gunwant Singh Mongia.

To know more about Gunwant Singh Mongia, please check – Facebook, Twitter.

To know more about Mongia Steel Limited, please check – Website, Facebook.

If you know about more inspirational stories about a person, company, new idea, or social initiative, and want us to write it on mad4india.com, share such information with us on Facebook or LinkedIn.

[mspgroup-blog]

MSP Steel & Power Ltd is among India's leading manufacturers and suppliers of branded TMT bars and steel manufacturing companies in Cuttack, Odisha.

[monicasharmalove]

Amid weak demand, JSW not to bid aggressively for Odisha iron ore blocks

International News

JSW Steel has decided not to bid aggressively for Odisha iron ore blocks in the next auction, owing to weak steel demand.

JSW Steel bid aggressively for three category-B iron ore blocks in Karnataka last month, and is unlikely to pay a premium for the Odisha blocks, said a senior JSW Steel official.

The bidding will be in two phases — the third week of August and September. Eight mines with reserves of around 573 million tonnes (mt) are expected to come up for auctions in August. A JSW spokesperson was not immediately available for comment.

"Odisha has a huge supply potential of iron ore but there is a lack of matching demand for such a huge quantity. Therefore, there is a potential risk to pay a huge premium for Odisha iron ore blocks," said the official.Quarter-on-quarter steel demand across sectors — automotive, capital goods and consumer goods — was weak, though infrastructure and construction improved marginally.

Total finished steel stock at the end of April 2019 was at 9.93 mt compared to 7.49 mt in the previous year. At the end of May 2019, it was at 10.1 mt vis-a-vis 7.4 mt in 2018.

The weak demand pushed the prices of hot-rolled coils down by around Rs 2,500 a tonne since May and TMT bars by Rs 5,000 a tonne during the same time.

For JSW, bidding aggressively for the Odisha blocks would mean additional investment in a weak market, especially after having paid a premium for the Karnataka mines. JSW paid almost a 100 per cent premium for the Karnataka iron ore blocks.Logistically also, Karnataka makes more sense for the company as it requires around 25 mt of iron ore for its flagship 12-mt Vijayanagar steel plant, the senior JSW official pointed out...Read More

[hariomtmtgroup-blog]

5 Reasons to Choose Epoxy Coating over TMT Rebars

Western India’s first fully integrated manufacturing facility, producing BIS approved Epoxy Coated TMT Bars at a single location. (Iron ore to Epoxy Coated TMT Bars).

Constructing an outstanding structure requires a massive investment of time, money and other things. Hiring an architect to the laborers, best quality materials: right from concrete, pipes, wiring, tiles and most importantly steel rods that will frame the backbone of the structure giving it the required strength and stability it needs. 

Here are 5 reasons to choose Epoxy Coating over TMT Rebars.

1. Location Matters:

The coated rebars are very helpful and used in all the parts of India but these are extremely beneficial in the coastal regions as in Mumbai, Kochi, Odisha and much more. The life of the products get extended in no time. Just a step is needed in the right direction. Epoxy paint is extremely strong and durable, which makes it impact resistant. This means that your coating will not crack, split or fracture on impact.

2. Extends the Durability:

Once epoxy cures, it becomes a hard-finished surface. Most equipment manufacturers use a white enamel paint because it is cheaper. With enamel paint, you will have to repaint tanks much more often due to rust, and that includes tanks that reside indoors. Epoxy paint coatings will last approximately five years, even if the tank resides outdoors. 

3. Free from harmful toxics:

Do you love the earth? We do too! Not only is it the most durable, but epoxy coating is also an environmentally friendly choice. Due to epoxy’s high cohesion, fumes will not erode or dissolve into the environment including your air or traces of water. Additionally, recoating less frequently results in less chemicals being used overall.

4. It can resist uninvited chemicals:

Chemical corrosion is common in industrial plants because harmful chemicals are often used for cleaning and machinery operation. An epoxy coating is ideal because it will protect your tank from these harsh chemicals. Don’t let an accidental spill or leak ruin the exterior coating of your tanks!

5. These are Weather Resistant:

Many steel processing tanks are placed outdoors, which can cause corrosion issues. With an epoxy tank coating, your steel tank will be able to withstand extreme temperatures, such as up 390 degrees Fahrenheit. It will also be water resistant. No need to dread the spring, with epoxy coating you will be covered!

There are many reasons why manufacturers and business owners choose epoxy coating for metal, steel, and a variety of other different applications. If your tanks are currently coated with enamel, you should consider the benefits above.

Construction Information Initiative by Hariom Epoxy Shield.

For latest updates, visit our Social Media.

[neha05singh]

Which Brand of Steel is the Best for House Construction?

Some of the well known primary steel manufacturers and producers in India are SAIL, JSW, TATA Tiscon, and Vizag steels. 

Steels come in different shapes and types depending on the application. They are categorized into these types

.Plain carbon / mild steel

.Rebars

.Structural steels: Beams, channels, flats, and angles.

The most common type of steel used for house construction is the TMT bars. They are the latest reinforced thermo-mechanically-treated steel and iron bars, sometimes made with ribs on the sides to hold the cement. The manufacturing process involves quenching the hot bars with water jets until the core temperature equalises with the surface temperature: and self-tempering. The core turns to a combined ferrite-pearlite metal. 

Why are TMT bars used? 

-For their high tensile strength

-Ductility

-B-endability and weldability

-Malleability

-Fire and earthquake resistant

Here are some of the top brands of steel for your house construction.

TATA steel Ltd.: Started in 1907 as Asia’s first privately owned steel company by Jamsetji Tata, today it is one of the largest steel-producing companies in the world, coming second in Europe. It is owned by the TATA Group of companies.Having a total capacity of producing 19 million metric tons per annum in India, TATA steels have manufacturing plants in Jharkhand and Odisha. TATA Tiscon SD rebars are special grade rebars designed to tolerate seismic activities in earthquake zones.

JSW Neosteel: Originally known as Jindal South West, it is a part of JSW Group and is the second-largest steel company in India with the capacity to produce 18 million tons per annum. It is ranked in 7th place in the top 34 World-class Steelmakers.Their TMT steel, branded as Neosteel is manufactured with pure iron ore and has uniform properties. The bars are of ultra premium and ultra high strength quality and vary in grades such as  500 D, 550 D, 600 D and JSW Neosteel CRS.

Vizag Steels: Also known as Rashtriya Ispat Nigam Limited (RINL), it was founded in 1982, located in Visakhapatnam and is India’s only shore-based steel company. It is one of the best companies producing quality long products (bars and rods). They also make wire rods, slag, structurals, beams, and more.Vizag steel bars come in two grades - Fe500  and Fe500D. One of the special  qualities of their TMT bars is that they have lower carbon content.

Steel Authority of India (SAIL): A government steel-making company based in New Delhi, India. It is hailed as one of the seven Maharatnas of central public sector enterprises. There are five manufacturing plants in Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur; and three special plants in Slem, Durgapur and chandapura. It also has a ferro alloy plant in Chandapura.SAIL TMT bars are known for high quality and strength is one of India’s fastest-growing public sectors and produces a wide range of steel and iron products. It has recently taken initiatives to help COVID-19 stricken areas.

Essar Steel India Ltd: With a capacity to produce 10 million ton per annum, Essar steel is well known for its high-quality flat carbon steels catering to a wide range of industries and sectors. It is based in Hazira, Surat district of Gujarat. Essar steel produces over 300 grades of flat steel for various usage. They have plants in Vietnam, Indonesia, Trinidad and Tobago. 

VISA Steel: Incorporated in the year 1996 with headquarters in Kolkata, VISA Steel is one of the top steel producers with a goal to create long-term  shareholder value. It offers high carbon ferro chrome for end use in stainless steel manufacturing. There is a 150,000 TPA ferro chrome plant at Kalinganagar in Odisha set up with 6 submerged  arc furnaces.

Electrosteel Steels: A leading producer of ductile iron pipes in India, electrosteel has made quite a name for itself all over the world. It is also a leading producer of pipeline solutions and has a vision to provide clean drinking water to millions of people in India. Realising that vision has earned it the title of global leader in understanding the customer’s priorities in 35 countries. The company has a total capacity of producing steel at 7.3 million metric tons per annum.

Get your TMT bars at the best steel rate in Bangalore for the construction of your home. 

[buildingmaterialsuppliergurgaon]

Comaron is an easy solution for construction materials in India. We deal with all types of cement and TMT steel brands and other construction material. SEL TMT Bars Re-rolling mill operations are manufactured and curated through mechanical CNC machines for Accurate and Perfect Ribs in addition to Added Casting Grip when added by Reinforced Concrete Cements. SEL TMT Bars are resistant to impacts from harsh external weathers as well as corrosion. Its TMT bars are also verified fire resistant up to the temperature series of 600°C to 650°C. To know more details about SEL Tiger TMT in Odisha, West Bengal, India visit our website.

[cakandivali]

Centre asks NINL shareholders to infuse working capital till divestment happens

Latest Updates - CA Mitesh BHUBANESWAR: The Centre has decided that all shareholders of loss-making steelmaker Neelachal Ispat Nigam Ltd (NINL) will infuse capital proportionate to their stakes to keep the company running until its disinvestment, people aware of the development said.The decision was taken last week by commerce and industry minister Piyush Goyal, minister for steel Dharmendra Pradhan, secretaries and senior officials of the Odisha government at a meeting chaired by Goyal.MMTC, the commerce ministry’s trading arm, holds 49.6 stake in NINL, while the Odisha government holds 30.5% in it through its agencies IPICOL and OMC, and NMDC holds about 12.87%.For the next six months, these entities are expected to provide NINL with working capital and money to pay off its interest and dues, and save the company from turning into a non-performing asset, the persons cited earlier said, adding that between them they may spend about Rs 800-900 crore to save this plant of shared ownership.After years of neglect, NINL had seen considerable improvement in its operations in the last few years. However, the Centre’s decision to put NINL up for disinvestment, and promoter MMTC’s reluctance and inability to pump in money left the steelmaker struggling for survival again.In August last year, under vice-chairman Shashi Shekhar Mohanty, NINL executed a de-bottling and capital overhauling of the 1.1 million-tonne pig iron plant in Kalinganagar, leading to 120% (of capacity) production of hot metal. Arrangements had been made with rolling mills to convert billets into TMT bars and, most importantly, its captive iron ore mine (of a 110 million reserve of high-grade ore) had been operationalised. However, since June this year, MMTC has been unable to infuse any working capital because of its own not-so-strong financial position.NINL officials, speaking on condition of anonymity, said that the state-owned trader, despite being the main promoter, prioritised its own revenues and continued to charge a 3% fee as trade margin on all raw material procurement and items that NINL sells only through MMTC. This fee is believed to have been reduced to 0.25%, the officials said.The advantages of captive iron ore were outweighed by the lack of capital and a depressed steel market. It led to the idling of the steel melting shop and the blast furnace at NINL since June. The coke oven and power plant are now operating at 40-43% capacity.Amid this crisis, when salaries started getting delayed, the 6,000–7,000 employees of NINL wanted the central government to intervene. Until disinvestment, the employees union, Neelachal Executives Association, wanted the company’s management to be handed over to Steel Authority of India, which is strategically in a far better position to help NINL.“We could produce coke, which SAIL buys from us anyway, and can use SAIL’s rolling mills for getting value-added products from NINL billets. The 2,500 acres on which the plant is situated can accommodate a 5-10 million tonne steelmaking capacity. SAIL chairman has expressed an interest in setting up another coast-based steel plant, and NINL’s captive mine provides great synergy for SAIL’s expansion plans to reach 30 million-tonne capacity by 2025,” said a member of the NEA. “Delay in running the plant is reducing the net worth of NINL, poor market condition and non-listing of NINL shall not make proper valuation of NINL.”In the past, SAIL and the steel ministry’s other PSU, RINL, have evinced interest in taking control of NINL. However, a senior official who attended last week’s meeting in New Delhi, said the government is unlikely to rethink its decision of divesting its holdings in NINL. Chartered Accountant For consultng. Contact Us: http://bit.ly/bombay-ca

[salagramsteel]

What are the 3 important stages of manufacturing TMT steel bars?

Metallic foundations have been used commonly to build any construction. TMT bars are known for their sturdy performance in any type of building structure. Steel bars have distinct features such as high density and durability tmt bar company in kolkata have steel with low maintenance. The steel can be an eco friendly option for any type of structure. It is compatible with the diverse climatic situations. TMT steel industry has a requirement for every manufacturing industry. TMT bar companies are supplying regular material to the various industries such as foundation, framing, roofing, insulation, Exterior and erecting industries.

tmt manufacturers in odisha use virgin iron ore for TMT bars. They manufacture quality TMT bars with IS 1786:2008. Steel billets are rolled at higher temperature and made TMT bars. Thermo mechanical treatment is used for the manufacturing of TMT bars. Advanced technology ensures high quality outcome of TMT bars. The steel produced has high potency due to HYQST technology. HYQST technology is High Yield Quenched and Self Tempered technology used for making TMT steel bars.

Stages of TMT steel manufacturing

1. Making of molten iron from iron ore TMT bars are made up of the iron ore, coal and fluxes. This raw material stock is purchased and stocked in sufficient quantity. Further all the raw materials are blended in precise quantity. Beneficiation of iron ore takes place followed by the agglomeration process to get pellets and sinters for better results. At the same time coal is converted to coke to add further. Coke, iron ore and sinter are transferred to blast furnace along with limestone. Furnace has nozzles at the bottom through which hot air blast is injected. All this process at tmt bar manufacturers in kolkata turns out into a floating puddle of molten metal gathered at the substructure.  

2. Transition of molten iron to steel along with casting The molten iron is given a pre treatment to formulate the iron into steel by using basic oxygen furnace. Oxygen and molten iron are puffed into basic oxygen furnace to get rid of carbon dioxide. This is the primary steel making process. Steel is given ladle heating to purify it in secondary steel making process. It requires ladle heating furnace and RH De-gasifier. This stage ends with continuous casting treatment to the molten metal by building billets of the size of 165 mm.

3. Hot rolling and thermo mechanical treatment Heating treatment that is quenching resembles tempered martensite and ferrite pearlite at the center.  Both are essential for giving strength to the bar and lay ductility respectively. It akes the TMT steel more safe with minimum fortification and provides security against the earthquake.