Construction Industry News
Industry experts observe that the domestic demand for Thermo-Mechanically Treated (TMT) bars in India is set to grow further. They attribute this growth to government initiatives aimed at enhancing quality and sustainability in infrastructure. It was noted that India consumed 50.3 million tonnes (MT) of TMT bars in FY23, which marked an increase from 46 MT in the preceding fiscal year. In the same period, domestic manufacturers collectively produced 51 MT of TMT bars, compared to 47.2 MT in FY22.
Shashikant Agarwal, CEO of Hyderabad-based Sri Navdurga Billets, remarked that as the construction industry in India progresses, the trend of using TMT bars is anticipated to continue upward. He expressed that this trend would lead to advancements in building technology and contribute to the creation of resilient and sustainable infrastructure across the nation.
Agarwal stated, in an advertising communication, that the construction sector is progressively adopting TMT bars to meet evolving structural requirements. He emphasized the superior strength, durability, and earthquake-resistant properties of TMT bars, highlighting their growing preference among engineers and builders in India due to their numerous advantages over traditional reinforcement materials.
Manufactured through a specialized process, TMT bars are engineered to meet various construction needs, ranging from residential buildings to large-scale infrastructure projects. They also offer a cost-effective solution for construction, with an extended lifespan and minimal maintenance requirements.
A senior executive from Tata Steel mentioned in December that the demand for TMT rebars in India is expected to continue growing over the next three to four months. He noted significant demand from the construction, housing, and infrastructure sectors, as new projects emerge throughout the country. Additionally, he highlighted the consistency in government policies, which has boosted investor confidence.
In the fiscal year 2022-23, India's total steel output reached 123 million tonnes (MT), with 52 MT accounting for TMT bars and rods.
