Author: admin
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Weekly Steel Market Round-Up: Bearish Momentum Extends Across Indian Steel & Raw Materials
According to Bigmint, Steel prices across India continued to weaken this week as sluggish demand from construction projects and infrastructure work kept trading activity low. Even though many mills offered deeper discounts to attract buyers, overall sentiment in the market stayed cautious. 🔨 Rebars & Long Steel: Prices Continue to Slip Induction furnace (IF) rebar…
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Indian Steel Imports Drop 20% in Jan-May 2025
India’s steel imports fell sharply in the first five months of 2025 after the government imposed a 12% provisional safeguard duty to protect domestic producers from surging low-priced imports. The move appears effective in curbing inbound shipments and stabilizing the market for domestic steel manufacturers. According to data from BigMint, total steel and stainless steel…
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Storing Steel Materials During Monsoon: 5 Proven Practices to Avoid Rust and Wastage
The monsoon season poses serious challenges to construction sites—especially when it comes to the storage of steel materials. Continuous exposure to rain, humidity, and poor site conditions can cause rust, reduce load-bearing capacity, and result in expensive material replacements. As a trusted steel company in Raipur CG, Banke Tradecom Service Pvt Ltd has worked with…
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3 Common Steel Mistakes That Delay Site Work
Timely site execution is crucial in the success of any construction or infrastructure project. However, even the most well-planned projects often face unexpected delays due to preventable mistakes in steel procurement and handling. As a leading steel supplier in Raipur CG, we’ve seen how overlooking certain critical steps can create bottlenecks that disrupt timelines and…
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Understanding the Difference Between Hollow and Solid Section
In structural engineering and fabrication, one of the most important decisions revolves around choosing the right steel profile. Two commonly compared options are Hollow and Solid Section. While both serve load-bearing purposes, their performance varies significantly when considering the load-to-weight ratio, cost, and application. Understanding the trade-offs between Hollow section vs solid section bar steel…
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Why Pre-ordering Steel Saves Cost for Projects?
In today’s infrastructure-driven economy, large-scale construction and transmission projects demand not just precision but proactive planning. One of the most effective ways to control costs and ensure smooth project execution is by pre-ordering steel materials well in advance. For contractors and developers working on bridges, power transmission lines, industrial plants, and high-rise buildings, material availability…
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Why Quality Matters in Transmission Projects – A Real Story from Maharashtra
When it comes to transmission and electricity board projects, the choice of steel materials isn’t just about cost — it’s about critical performance and long-term safety. Here’s a real case that highlights why working with a reliable steel supplier in Raipur CG makes all the difference. The Requirement Recently, we received a requirement from a…
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ArcelorMittal Warns of Trade Uncertainty Despite Steel Price Recovery
ArcelorMittal SA, the world’s largest steelmaker outside China, has signalled cautious optimism in its recent quarterly update. While government support for domestic steel industries in the US and Europe is driving a short-term rebound in steel prices, the company warns that global trade uncertainty continues to threaten market stability and demand. 🔍 Steel Prices Recover…
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Impact of the Safeguard Duty on Steel Customers in India (2025)
The Government of India’s decision to impose a 12% safeguard duty on steel imports is expected to create a ripple effect across various user industries. While the move is aimed at supporting domestic steel producers, it also brings notable challenges for steel customers, particularly those in manufacturing, construction, and export-driven sectors. 1. Higher Costs for…
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India Imposes 12% Safeguard Duty on Steel Imports🚨
In a significant move to protect the domestic steel industry, the Government of India, on Monday, April 21, 2025, officially imposed a 12% provisional safeguard duty on the import of five key categories of steel products. This duty, effective for a period of 200 days, is intended to address the sharp surge in steel imports…