Steel in construction has huge potential
The demand for steel in the country is currently growing at the rate of over 8% and is expected to grow to 10% in the next five years.However, this remains well below the world levels. India’s per capita consumption of steel is around 110 pounds as compared to 330 Pounds for the global average, Indicating good potential for increasing the steel consumption in India. India has emerged as the fourth largest steel producing nation in the world for 2011, from fifth place in 2010, after China, Japan, USA and Russia. The Indian steel industry accounted for around 5% of the world’s total production in 2010.
Total crude steel production in India for 2010-11 was around 69 million tonnes and it’s expected that the crude steel production in capacity in the country will increase to nearly 110 million tonne by 2012-13. The government proactive incentive plans to boost economic growth by injecting funds in various industries, such as construction, infrastructure, automobile, and power is set to drive the steel industry in future. Steel consumption in India is expected to grow significantly in coming years as per capita finished steel consumption is far less than its regional counterparts.
Ranka Steel: An ISO 9001-2000 certified company, established in 1981, caters to variety of Industries. The portfolio of the company includes 65% - Automobiles (TVS, Volvo, IFB, etc.); 20% - Construction company (Pre- Engineered Building Makers) and 15% - Panels (ABB, Siemens,TYCO, LML, KTTM, etc)
“Ours was one of the first service centres certified by Tata Steel. Our unique standing as a production centre was the huge flexibility offered in service, catering to multiple vendors from a varied industry group”, says Ashok Ranka.Ashok Ranka , Ranka Steels, Director.
“The per capita consumption of steel in the country in year 2000 was only 30 kg. As against this, China featured at 100 kg, while Japan and the US were both at 250 kg. This spelt an immense business opportunity in India in the coming years, with the opening up of the economy and changing face of our industry”, he says.
In an exclusive interview with Property Helpline, Ashok Ranka gave his opinion on the status and advantages of steel.
1. How do you view the Status of Steel Industry in India:
Currently India’s steel production is 65 Kg per capita per annum. This comes to 75 million tons (2011), while in Japan it is 110 million tons and in China 650 million tons. By 2020, the aim is 200 million tons for India. Hence there is a immense opportunity in many aspects of Steel production.
Karnataka is the main hum for Steel production apart from Orissa because I of the availability of Iron ores. Curbing of illegal mining has helped local growth bought about by transparency which is an economic advantage. Karnataka attracts lot of steel consuming industries and Bangalore is becoming a base for Automobile production.
2. Can you Identify the advantage of Steel buildings over traditional buildings
There are numerous advantages to structural steel framing when compared to other traditional materials such as concrete or timber:
Larger Clear Spans : Structural steel framing easily and economically accommodates larger clear spaces, which gives an owner more flexibility with office layouts.
Simple Modification and Renovation: If additional loads are added to the structure sometime in the future, steel can be easily reinforced to handle the weight. Likewise, new floor openings for elevators, stairwells and architectural or mechanical requirements can be easily accommodated.
Reduced Construction Time: Steel framing can be rapidly purchased, fabricated and erected. Steel's ease of design and construction readily lends itself to fast-track construction.