Steel is a generic name for a group of ferrous metals due to their abundance, durability, versatility and low cost, are most useful metallic material known to mankind Thermo Mechanical Treatment (TMT) process for reinforcement bars is opening up new vistas in composite RCC; the re-enforcing steel is the costlier constituent .The TMT bars are widely used in construction works such as high rise building, industrial structure, flyovers and bridges etc. The Indian iron and steel industry has come to occupy a dominant position in the socio-economic development of the country and it is certainly matter of pride that India is the 7th largest crude steel producing nation in the world. The industry continues to be fragmented with top 5 players ,today Arcelor (Europe ) is the largest producer of the world followed by LNM- Ispat group, Nippon steel, Jee holdings ,Pasco and Shangai. The growth of infrastructure, road and bridges, civil construction projects and modern town ship complexes will ensure continued demand of TMT Bar. There is wide scope for new entrepreneurs to venture into this project
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