Tata Steel CEO Mr. T.V. Narendran, during a video conference call with the company's suppliers and ancillary production owners last week, said, "The ongoing lockdown forced the company to start the plant at 50% capacity, but it has improved our efficiency."
He added: “Demand from the domestic market mainly comes from healthcare, equipment, oil and gas industry. Demand from the automotive and construction sectors, which make up the bulk of our demand, is currently very low. ”
The Indian Steel Association predicts an 8% decline in domestic demand in FY21, and we expect JSWS and TSL standalone sales to decline 6%.
Subscribe to news
Metallurgy news
- 18 November 2024
14:03 Voestalpine does not expect recovery in Germany until spring - 15 November 2024
13:28 Liberty Steel announces plan to restructure Specialty Steel UK - 28 October 2024
20:21 NLMK Verona modernizes sheet metal technology - 20 October 2024
20:38 Ukrainian steel producers will suffer from the Carbon Emissions Management Mechanism - 16 October 2024
17:03 Worldsteel selects a new chairman - 02 October 2024
14:02 SSAB signs agreement with Norwegian company to supply fossil-free steel - 27 September 2024
12:38 Nippon resubmits application for US assessment of USS acquisition - 23 September 2024
23:10 Logistics problems ArcelorMittal Krivoy Rog
Publications
25.11 Fuel consumption control system 25.11 Rating of barcode scanners 2024: TOP models for business 25.11 Biker jacket for women: luxury, style and handiness 22.11 Creation of unique candles: how to choose the best additives before wax? 21.11 MFO - how to find the ideal place to take out a loan