The production of steel on an industrialized scale began as early as the 1800’s in America and England. When steel was first manufactured in 1820 in Sheffield, England, it ushered in an era of rapid social, economic and industrial development. The invention of the steam engine further fastened the process of steel manufacturing and led to unprecedented economic development.
With the developed economy witnessing more or less saturated growth, attention has shifted to emerging and developing economies. Emerging and developing countries have shown remarkable resilience in the last few years even in the backdrop of a global slowdown. With steady growth in the above-mentioned countries, demand for swanky offices, commercial spaces, special economic zones, residential societies has seen an impressive rise.
