Gujarat to lead in stainless steel consumption in India, says ISSDA
Indian Stainless Steel Development Association (ISSDA), the apex body of stainless steel industry in India, organized a seminar on ‘Stainless Steel for Smart Cities and Sustainable Buildings & Infrastructure’. As the front-runner in sensitizing sustainable stainless steel based solutions across sectors, ISSDA, with this seminar, brought national and international stakeholders together and discussed various aspects of stainless steel applications for a sustainable, long-lasting, and maintenance-free public infrastructure.
“Stainless steel, by its special characteristics, is an ideal material for use in smart cities and developing sustainable infrastructure. Owing to its corrosion resistance and longer maintenance-free life, along with an unmatchable aesthetic appeal, the metal stands apart from other materials. … In India, Gujarat will lead this industrial avalanche of sustainable stainless steel infrastructure.”- K K Pahuja,President of ISSDA
Major players like Jindal Stainless Group, Salem (SAIL) and Raajratna Ventures Ltd. are expected to play a crucial role in mobilizing stainless steel usage.
As one of the most dynamic economic models in India, Gujarat has a number of projects lined up across its cities. A considerable coastline of 1600 km in Gujarat further underlines the importance of using stainless steel in infrastructure.
During the seminar, detailed sessions on stainless steel usage for urban infrastructure, sustainable transit building systems, water management, Architecture, Building and Construction segment, waste recycling, and sanitation were organized. Global leaders like Ms. Catherine Houska, Nickel Institute represented the international stainless steel fraternity by bringing in examples and suggestions on the way forward to building sustainable urban infrastructure. ISSDA also released a book titled ‘Stainless Steel in Architecture, Building and Construction’, which highlights case studies on stainless steel applications.
With a CAGR of 9% over the last decade, India is the second largest and the fastest growing market for stainless steel. At present, India has total stainless steel production capacity of 5.4 million tonnes for both long and flat products.