"We wait for the details to come out. Obviously, when you have significant input cost, you want some sort of stability on input cost.
"For the steel industry which is capital-intensive, it is good to have some comfort on the input cost. It helps the industry," said steel producer's Managing Director (India and South East Asia) MD T.V Narendran told BTVi in an interview when asked to comment on the government considering capping the prices on iron ores for three months.
He said the steel sector has been volatile and the steel maker is well-equipped to deal with it.
On the international steel markets, he said China has not been bad as one imagined and did grow last year.
"We will certainly grow but the question is we wanted to build the business case first," he said to a query about undertaking domestic expansion.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.