Saturday, March 14
The government must keep a close watch on unfairly priced steel imports to protect domestic industry, Tata Steel Managing Director and CEO T.V. Narendran said, even as he forecasts a rise in steel prices and stronger margins for the company in the March quarter.In an interview to The Times of India's Saksham Mehta, Narendran said trade safeguards have helped but more vigilance is needed. “The safeguard has been helpful, and being extended for another two years is good. Our ask of the govt is to keep a watch on unfairly priced imports. The steel sector is the biggest private-sector capital investor in the country, and we should not be derailed by unfairly priced imports from countries that are not making money at those prices.” He added that speed matters. “Second, whenever there are
