Realtors fretted over depleting steel stock 

Realtors fretted over depleting steel stock 
24/09/2018 , by , in ALLIED

A week into the restriction on movement of heavy-duty trucks and trailers in the city, the city’s real estate majors are hoping the curbs are short-term and will be eased before it starts hurting the construction sector.

The state transport department had, in a notification post the Majerhat bridge collapse, banned the entry of trucks with 20 wheels or more into the city to protect other ageing bridges. While it has not hurt the industry yet, developers are wary of the impact it will have once the inventory of raw materials get depleted and fresh stocks have to be requisitioned.
Most of the developers voiced concern over movement of steel bars that are transported in trailers that usually have 20 wheels or more. Needed right from the beginning when piling is done till the last roof is cast, steel is the most critical component of the construction industry.
“Steel cannot be substituted. Unlike other materials like sand, stonechips, cement and bricks, that can be transported in smaller trucks, the long steel bars and rods have to be moved in trailers,” said Nakul Himatsingka of Ideal Group that procures 500 tonne of steel every month that is transported in 20 trailer trucks.

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