Engineering Tomorrow's Landscapes

The steel bar and wire market of India is in the process of healthy growth due to a number of factors that determine the path of growth. Among the world’s most important steel producers and consumers, India has a potentially large market for steel bars and wire with its diversified industry sectors driving high demand. A key component for this is the development of the construction sector. The speedy urbanization with infrastructure projects of India has increased the demand of iron rods and wires which are used in construction works that can be residential to commercial buildings and infrastructure development like roads, bridges, and airports. On the other hand, the increasing automobile industry's contribution to the growth in steel bars and wires market is a continuation of this trend. The automotive industry is expanding comfortably due to rising consumer purchasing power, steel being the most common raw material used in vehicles and hence the demand of steel bars and wires for the vehicle manufacturing has grown significantly.

At the same time, the government's actions such as "Make in India", and infrastructure investments, have been a great inspiration to the manufacturing sector, so this is a good reason for the demand, including bars and wires, for steel in machinery and equipment manufacturing. In addition, technological progress and innovations in the steel manufacturing process not only fuel but also encourage production of enhanced products of different types and designs that are highly customized and suitable for different industries’ needs. Also, the government policies, which specify increase in steel production capacity and enhance domestic consumption, have further promoted market growth by luring investments in steel sector through rewarding policies.

In this issue, we acquaint you with the top companies in this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top ones that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.

We look forward to receiving your feedback and suggestions.