In today¡¯s environmentally conscious world, adoption of such technologies will make the products much more acceptable and also lower costs by reducing wastage. This will throw open many new markets accelerating the pace of growth of the industry.

Raw materials, mainly wire rods, account for a major part of the cost of wires. In the past there were very few suppliers, but with the growth in
the steel industry, a number of mid-sized companies have started producing mild steel wire rods. This has increased the availability and resulted in better commercial terms for the wire industry.

Most value added wires use high carbon wire rods as an input. These are now available in the country from five major suppliers (JSPL, JSW, RINL, TISCO, Usha Martin) with imports as an alternative whenever they are commercially viable. A number of new wire rod mills (Visa Steel, Electrosteel Casting) are at an advanced stage of commissioning. This will make all grades of wire rods abundantly available. I see a bright future ahead for the steel wire industry.