Steel Construction Detailing

Steel Industry has always been the biggest contender for building construction due to its strength and resistance towards the natural forces. With the growing demand in USA for Steel Construction, India has also become the latest hub for Steel industry. In midst of this growing market of steel industry, equity market volatility of stocks are shaking and creating hassles for the investors who desired to invest in steel industry. Recently the steel indusry is not giving the fruitful returns. Despite this sad status, the hope is not lost entirely if the drawbacks are scrutinized carefully , a constructive solution can be arise. Key factors effecting the Steel Sector: Cheap Import Prices in USA : Recently China (World's top steel producer) has seen the collapsing of their steel consumption and poor infrastructure investment that has highly effected the demand of steel in China. This deteriorating condition has created a huge gap between the supply and dema...

Recently Indian Government has increased the Minimum Import Rate (MIP) on 66 items which was earlier applied on 176 items with the stretch of Two months. The latest proposition was last nail on the coffin of already sinking ship of Steel Industry in India. It’s been a while that Indian Steel Industry has been suffering a downfall as the price of steel is gradually decreasing. The major reason behind the crashing down of steel price is that it has not been able to match up with the steel imports from China, Japan and South Korea which is comparatively cheaper than Indian Steel import. Top notch Indian organization of Steel i.e. SAIL, TATA Steel, ESW Steel and ESSAR Steel has held government as the last assurance to take a protectionist measure on cheap import of steel. The current MIP can be a temporary cure but it will not be helpful in the long run because it will only run for two months and such short span of time is not enough to unburden the monetary losses that st...

Steel plays an important role not only in the construction industry but also have a vital part in society as a whole. The products and the construction itself of Steel prove to be sustainable development towards the society. The indirect benefit which it generates is the rate of employment that leads to economic well-being within the society because the steel construction is increasing day by day that result into economic welfare of general population. Consequently, zealous steel industries trigger the employment, export earnings, tax revenues and novelty in this field. Steel is an important part of overall economy as somewhere it encourages the reduction in wastage and reworking with resources that promotes the recycling and gives better and healthy outlook towards the future. Along with economic benefit, steel also provide the protective layer at the time of natural calamity such as earthquake, storm and floods as the catastrophes are reduced by steel products. Steel ...