外文标题：Steel industry facing challenge from China, govt should sort out internal challenges: Tata Steel
JAMSHEDPUR: The government should sort out internal challenges at a time when the domestic steel industry is facing challenges from China, Tata Steel Managing Director (India and South East Asia) T V Narendran said today.
“We can do much better had the government addressed internal challenges such as availability of raw material and import duty as demand of steel would continue to grow”, he told reporters here.
Narendran said it was not that Indian producers are not competitive with world players as “our five/six steel producers feature in the top steel producers of the world even now”.
Elaborating on the challenges faced from China, Narendran said China was producing 825 million tonnes of steel against their demand of 725 million tonnes.
They are producing 100 million tonnes more than the demand, which was more than the current total capacity of our country, which was between 80 to 85 million tonnes, Narendran said.
Many steel indusries have enjoyed with cheap iron ore allotments and built heavy wealth. Now with the ban on iron ore mining, auctions,cheap imports from China are giving sleepness nights.The wealth of Tata son’s,Jindal’s etc is unimaginable.
easily produces more than 10X steel than we do. And even their surplus capacity tops our entire production. The smart way to capitalize on this comparative advantage is for us to forgo steel production and just buy it cheap from China
China and pak both are problem kids
then what tata want monopoly on all businesses and if any particular country or person is giving in low cost they start crying.
why depend on large scale, help small scale operators who can generate this amount within no time.
Production costs are higher in small scale now and sales will be too difficult at ruling prices