Despite the challenging tensions and a challenging global environment marked by weak steel prices, India is considered bright in the Indian market.
In a distinctive conversation with Business Tair TVHe said that Ranjan was rich in the Director – Vice President – India to expand the sales and marketing and marketing capabilities of India. The no-confidence is that the country's inhabitants of the country's increasing steel consumption and a global production power plant. “The consent of the per capita steel is still low – between 226-227 kg of global average.
With the expansion of India in the next decade, India will invest US $ 30 billion in India with the expansion of Australia.
He stressed that the extension strategy of the company focuses on the local market. “These expanses – they are built for the local market. But the priority is to meet the growing requirements of India.”
Arriar raised the development of demand and industrial development of India's demand for infrastructure, cars, equipment and industrial development. He also emphasized that a global production hub of high quality steel is a global production hub. “Arcalomel and Nippon, we have how to bring the steel products to India,” he said.
However, a cautious note about the current state of the steel industry was known as a note. “The steel prices are low and input costs have not diminished at the same speed. This is soominalized,” he said. “The margin must advance to survive and revive the steel sector.”
He caused some significant increase in the importation of last year, he caused some of these pressure to import some of these pressure – more than 20% – it is harmful to local players. Dhashana admitted that the Board of Directors had recommended security measures to support local manufacturers. “We look forward to seeing some action quickly as the Indian Steel Industry is a largest contributor for the private capitax.
On the issue of prices, the price increases will be decided by the price hike and market dynamics. “There is no single factor driving price. It is on how to evolve the demand and the principles of the landscape. He said that the margins should be hungry and improved.