Iron and Steel Industry in India

The Iron and Steel Industry is a major industry in India. This industry drives the industrial progress of the country. It is one of the key industries in India, and several small- and medium-scale industries depend on it. The transport and communication industry is dependent on it and so is the power and fuel industry. … Continue reading “Iron and Steel Industry in India”

The Iron and Steel Industry is a major industry in India. This industry drives the industrial progress of the country. It is one of the key industries in India, and several small- and medium-scale industries depend on it. The transport and communication industry is dependent on it and so is the power and fuel industry.

After 2005, the Indian steel industry has come a long way. It is now the fifth-largest producer globally. The production amounts to 55 million tonnes a year and these accounts for over 7% of the global production. SAIL (Steel Authority of India) has surpassed steel majors like Arcelor Mittal and others in profits reported in 2009.

From the total production of 200 MT, 50% of it is exported. Exports for iron ore have increased by 17% due to demand from China. Also, with the reduction in the export duty on iron ore from 15% to just 5%, this has given this sector a further boost. Furthermore, reduction in the freight rates of railways has only proved to be beneficial.

Many steel companies have come up with investment proposals in this sector. Due to the growing demand in the domestic market and also globally, this industry is set to receive more funds. Per the Investment Commission, India is to receive US$ 30 billion over the coming 5 years.

Another factor driving investments in this industry is the availability of raw materials.

Due to the fall in the prices of the commodities internationally, the government has reduced the custom duty. It also grants full exemption on some agricultural and industrial commodities. Products, such as pig iron, semi-finished products, and flat products, are now eligible for a basic duty of 5%.

The government also plans to put forth US$ 350 billion for construction and improved infrastructure, which will add to the potential of this sector.

As the demand for steel is expected to grow in conventional areas, such as construction, automotive, housing, steel tubes, pipes, and packaging, this sector offers good prospects. Specialized steel will be in demand in hi-tech engineering industries. These industries include power generation, fertilizers, and the petrochemical industry. The Union Budget has hiked the allocation for development of highways and the budget allocated for railways. This further increases the need for iron and steel.

There is also huge demand in the oil and gas sector. The profits that can be gained in this sector are about $US 118 billion in the coming 5 years. Also, due to the global demand for steel tubes and pipes, this sector holds viability. With growth in the aviation sector and rail transport, the demand for stainless steel is going to rise further.

Yet another plus is that the government has withdrawn 10% on the exports of steel products. According to a study by ICICI, the Indian iron and steel industry is likely to meet 19% of the global demand in the coming years.

Thus, this sector offers tremendous growth prospects in the time to come.

What is Stainless Steel Bar?

A stainless steel bar is basically steel which has been alloyed with non-corrosive or low corrosive metals to give it stainless and low corrosive properties. Being able to withstand stains and being less prone to rust and wear gives it a clear advantage over other types of steel and other metals for that matter. These properties make it more popular in manufacturing processes and particularly in the production of kitchen utensils, barbecues, garden equipment and furniture.

Mass produced steel is produced in lengths which are easy to transport, but can be forged in custom lengths for special fabrications. Steel is produced in a refinery and shaped into various shapes including bars.

Steel bar can be produced in a multitude of different shapes and specifications suitable for the manufacture of all kinds of products such as cutlery, tableware and saucepans. Steel bar is not only used in the manufacture of kitchen utensils, it is commonly used in the production of all number of everyday objects, such as:

  • Bus shelters and road signage
  • Telephone booths and street furniture
  • Building facades
  • Lifts and escalators
  • Subway trains and station structures
  • Fuel and chemical tankers
  • Components for the automotive industry

Stainless steel is steel which has been produced not to stain, corrode or rust as easily as standard steel. It is also known as CRES (Corrosion-Resistant Steel) in some industries where the mix of metal alloys is not detailed such as aviation sector.

There are many different types of steel because different uses of the steel require different finishes, such as a polished reflective finish as used by cutlery manufacturers. It can be finished with many different surface textures and qualities; such as coarse, brushed, matte and even a mirrored finish can be achieved.

Composition of Stainless Steel Bar
Stainless steel bar is typically composed of steel which has been produced by alloying several metals together with at least 10% chromium. Chromium is a high polish, high melting point and hard metal, which odourless, tasteless and is easily manipulated into other shapes or forms. Other than chromium, it is usually composed of varying amounts of nickel, nitrogen and molybdenum, which affect its properties.

It is the chromium content which gives steel its stainless properties. The chromium oxide forms a thin layer on the outside of the steel which is un-detectable by the naked eye, which is self healing if scratched and bendable. Its re-healing properties are only active when in contact with oxygen gas, if the steel is in use in a non-oxygenated environment, such as underwater, corrosion may occur more easily.

Making Stainless Steel Bar
Stainless steel bar and other steel products such as flats, sheet and wire are produced within a blast furnace. Within the furnace, carbon electrodes are aligned to make contact with amounts nickel, nitrogen and molybdenum at a very high temperature.

Once the furnace reaches the optimum melting point the different metal alloys present fuse to create one metal alloy. Then the alloy is fed into an argon vessel where de-carbonization takes place, once within the vessel, forging or casting can begin.

Steel is very malleable and can be moulded into a variety of shapes, such as bar, rounds, flats, sheet and can be drawn into steel wire.

Stainless Steel Bar Re-cycling
Stainless steel bar benefits from being able to withstand high temperatures, both high and low as well as high pressure environments, making it relevantly low maintenance. Low maintenance metals can more easily be used in mass produced and heavily used objects, such as items used around the home like kettles, saucepans and cutlery.

Once steel products reach the end of their shelf life they can easily be re-cycled because they are 100% recyclable and still reach a good price on the scrap metal market. It is its recyclability that makes it a popular choice for the building industry because government regulations nowadays push businesses to be as ‘green’ as possible.

Stainless Steel Bar Stockholders
Steel suppliers hold large quantities of steel bar, flats and tube products and are known as stainless steel stockholders. Some steel stockholders or suppliers offer additional services such as steel sawing, shearing, profiling and drilling.

Chrome Plating in Automotive and Household Industries

In recent decades, chrome plating has become one of the most popular metallic finishes available, and it is widely used in several industries.

The automotive industry is the single largest consumer of chrome plating, which appears on trim and accessories for many cars and motorcycles.

Other industries have been picking up on this trend, and chrome plating is now utilized for household fixtures and fittings as well, and even fishing lures. In recent years, chrome plating is available in satin finishes also. Satin chrome is a good aesthetic match for stainless steel and aluminum finishes.

Chrome is both attractive and durable, and as such, it has become a staple finish in the automotive industry. At one time, steel was used for car bumpers and body parts; however, it was later discovered that plastic was lighter, cheaper, and easier to manufacture.

The only problem with plastic components was that they were not as shiny and attractive as metal parts. During the 1970s, this problem was solved with the advent of a technique for electroplating plastic components with metallic finishes, thereby offering all of the advantages of plastic parts, as well as the beauty of metal. Chrome trim was always more popular in North America than in other parts of the world, and reached its peak usage there during the late 1980s and early 1990s.

It has steadily increased in popularity in other areas of the world as well; its popularity has risen by 50% in Europe, since 1993, and has almost doubled in the United Kingdom during the same period. Chrome plating’s resistance to oxidation and corrosion, its ability to withstand environmental extremes, its ease of care, and its ultra-bright specular finish make it an ideal plating material for automotive trim and accessories.

Components can come from the factory already chrome-plated, or they can be plated by the consumer after vehicle purchase. There are many companies which specialize in electroplating, and many automotive finishers which specialize in just chrome plating. Aside from its other advantages, chrome plating is also advantageous because it saves consumers time and money in searching for and purchasing new parts for their vehicle, as damaged or worn parts can simply be re-plated instead of being replaced.

This process is more cost-effective than purchasing a new part, and also reduces waste and, therefore, environmental impact.

Household fixtures are often plated with chrome, because they require many of the same qualities of vehicle trim. Bathroom fittings, doorknobs, handles and many other household items are often plated with chrome.

Before chrome, these items were sometimes plated with silver, copper or brass but they were difficult to maintain. Silver plating tarnishes, copper plating corrodes, brass plating is prone to verdi gris corrosion;chrome plating is as aesthetically pleasing as other metals, if not more so, and doesn’t have any of the disadvantages of these other metals.

The versatility, beauty, durability and easy cleaning of chrome plating have made it one of the most popular metallic finishes. It is particularly popular in the automotive industry, but it has been becoming a more popular finish for household fixtures and other applications as well. Chrome’s durability, resistance to wear and beautiful finish have made it a popular choice for a variety of applications, including house-wares and automotive components.