India is a developing country and one of the major economies of the world where the Iron and Steel Industry plays a very crucial role. The steel industry has always been at the forefront of industrial development and forms the backbone of any economy. Important industries such as shipbuilding, railway locomotive and construction as well as heavy and light machinery depend heavily on the availability of the country’s iron and steel resources.
Manufacturing of steel and TMT steel bars is regarded as a major industry in its own right. The Global TMT Steel bar market is expected to grow at the CAGR of more than 8% until 2023. But with COVID-19 pandemic, an unprecedented toll has taken on the construction industry. The nationwide lockdown has not only put brakes on the ongoing real estate and infrastructure projects, but the allied TMT Steel industry has also suffered a setback. As the lockdown eases, stalled projects both in construction and infrastructure along with capital expenditure plans are coming back on track and demand for steel items are likely to recover lost ground.
To discuss the issues and challenges faced by the TMT steel industry as the nation undergoes in the unlock phase, ASSOCHAM is organizing a Webinar on “Indian TMT Steel Industry” on Wednesday, 30th September 2020 from 3.00 PM – 5.00 PM IST.
- Ms Rasika Chaube, Additional Secretary, Ministry of Steel, Government of India
- Mr V R Sharma, Co-Chair ASSOCHAM National Council on Mines and Minerals & Managing Director, JSPL
- Mr Bidyut Chakraborty, Director – Mining & Metals Advisory, KPMG Advisory Services Private Limited
- Mr Alok Sahay, ED (Commercial), SAIL
- Mr Sanjay Agarwal, Sr. Vice President-Sales & Marketing, JSW Steel Ltd.
- Mr Sushim Banerjee, Director General, Institute for Steel Development & Growth (INSDAG)
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