GI Coil, or Galvanized Iron Coil, is steel that has been coated with zinc to prevent it from corroding. The process of galvanization involves dipping the steel into a bath of molten zinc, which creates a thick layer of zinc coating on the steel surface. This layer acts as a strong protective barrier, preventing rust and other forms of corrosion from forming on the surface.
GI Coil is primarily used in the construction industry for making roofing sheets, siding, and roofing tiles. It is also used for manufacturing appliances, like refrigerators, air conditioners, and ovens, that use steel components. Other products that use GI Coil include car parts, lighting fixtures, and electrical appliances.
Despite its popularity, GI Coil has to meet stringent quality standards to be effective. The thickness of the zinc coating, the smoothness of the surface, and the strength of the steel base are all critical factors to ensure the longevity and durability of the end product.
In recent years, the demand for GI Coil has increased tremendously due to its low maintenance requirement and the need for durable building materials in construction projects. Countries like China, Japan, India, and the United States are the major producers of GI Coil in the world, with China alone contributing to more than 50% of the global production.
Yet, steelmakers are grappling with the rising cost of raw materials, including iron ore, coal, and scrap metal, which has led to higher steel prices globally. This price hike, compounded by the ongoing COVID-19 pandemic, has resulted in a supply-demand crisis for GI Coil and other steel products.
However, the steel industry is slowly bouncing back thanks to various government initiatives aimed at supporting the steel sector. For example, the Indian government has reduced the import duty on steel scrap and provided incentives for domestic production of steel to encourage more investments in the sector.
Developing new technology to manufacture GI Coil is another way by which the industry can meet the growing demand. Scientists are exploring new ways of galvanization to make the process more efficient and cost-effective. They are also finding ways to produce superior-quality GI Coil with less zinc coating, which would reduce the cost of production.
In conclusion, GI Coil is a crucial product in the steel industry that serves multiple purposes in different sectors. The demand for this product continues to grow due to its durability, low maintenance requirements, and versatility. To sustain this sector's growth, it is imperative that governments and industries take steps to reduce costs, invest in research and development, and promote domestic production. Only then can the steel industry meet the challenges of the future and provide quality products for its customers.