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TATA Steel MD sees a challenging future for Indian steel industry in 2015-金屬板材展-線材展-金屬加工展-2015第十六屆廣州國際金屬板材、棒材、線材及金屬加工、配套設(shè)備展—全球三大金屬展之一巨浪展覽-THE 16th GUANGZHOU INTERNATIONALPLATEMETAL, BAR, WIRE, METAL P
12/31/2014 金屬板材展-線材展-金屬加工展-plate metal expo-wire expo |
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Business Line reported that TATA Steel expects a clear and stable policy on renewal of mining leases and forest clearances to drive growth in the steel industry. Mr TV Narendran MD of TATA Steel, India and South-East Asia, said that the year gone by was challenging, with the industry facing regulatory issues and sluggish demand from major consuming sectors such as infrastructure and automobiles.
Mr Narendran said that “We are hopeful that the government will address the concerns of the steel industry in the New Year. The company’s production was impacted by mining lease renewal issues, which led to suspension of mining operations. TATA Steel imported iron ore for the first time. It is ironical that, as a country, we have to import iron ore despite having some of the best reserves in the world.”
He said that the scope is huge, with the Working Group on Steel for the 12th Plan projecting a crude steel capacity of 140 million tonnes by 2016-17.
While the emerging scenario looks positive, he said steelmakers in India face a challenging future, as they may not be able to add capacity to keep pace with the rising demand.
He added that the need of the hour is to steer new investments with appropriate policy support to ensure that production matches growth in consumption.
He further added that the first phase of the Kalinganagar Project of three million tonnes a year capacity will be progressively commissioned from early 2015.
金屬板材展-線材展-金屬加工展-2015第十六屆廣州國際金屬板材、棒材、線材及金屬加工、配套設(shè)備展—全球三大金屬展之一巨浪展覽-THE
16th GUANGZHOU INTERNATIONALPLATEMETAL,
BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION
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