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The Steel Wire Manufacturers Association of India (SWMAI) held its 55th AGM in New Delhi, focusing on how the steel wire and wire-rope industry can strengthen supply resilience and long-term competitiveness. The event was led by SWMAI Chairman Sidharth Agrawal and drew broad participation from members across organised and small-scale segments.
Two key speakers shaped the industry outlook. Rajesh Gupta, Managing Director of Lloyds Metals & Energy, outlined Lloyds’ expansion plans and highlighted a state-of-the-art wire rod mill at Gadchiroli, targeted for commissioning by March 2027, which members said could improve domestic wire-rod availability and quality for downstream wire drawing.
Dr A. S. Firoz, former Chief Economist at the Ministry of Steel, discussed India’s long-term demand trajectory, indicating steel requirements of ~230–250 million tonnes by 2030, and noted scenarios projecting ~600 million tonnes by 2100. He also cautioned about potential demand “rough patches” over the next 2–3 years amid global volatility and uneven growth.
Members raised immediate concerns around wire-rod shortages, pricing competitiveness, import dependence, and stronger collaboration with government bodies and PSUs, alongside a push for easier exports of value-added wire products.
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