A lot of companies, including our customers, are sitting on inventory. It will take some time for it to flow out of the system, says T.V.
Narendran, CEO and MD, Tata Steel Ltd NEW DELHI : Steel producers in India are running their plants during the countrywide lockdown, but at much lower capacity as their customers aren’t operational yet.
However, T.V. Narendran, chief executive and managing director, Tata Steel Ltd, and the vice president of the Confederation of Indian Industry (CII), said he is bullish on the medium- to long-term prospects of the steel industry.
Edited excerpts from an interview: What has the lockdown meant for the steel sector in terms of near-term impact? Steel plants did have the permissions to operate, at least the
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