Steel import from China a major concern: Tata Steel

Continued steel import from China may prove detrimental to domestic production as well as to the 'Make in India' concept, a top official of Tata Steel said today.
Tata Steel Managing Director, India and South East Asia, T V Narendran expressed apprehension that import of steel from China may prove detrimental to the Indian production, particularly to the concept of Make in India.
Narendran, who was accompanied by Koushik Chatterjee, Group Director (Finance and Corporate) of the company, said market situation was not good and continued import of steel from China may have adverse impact on its Indian operation.
"We have discussed the issue with the Union Steel Minister at Rourkela today and the government was also serious about it," he said.

Narendran also said commissioning Kalinganagar project in Odisha was the other major challenge it would be a first hand experience for him to commission a Greenfield project.
He said the commissioning activity would begin in the next couple of weeks, while the main commissioning of the project would be done in the middle of Monsoon, which was another challenge.
Besides, Narendran said, market competitiveness was also a challenge for Tata Steel.
Referring to the raw-material issue in view of the closure of some iron-mines, he said, it had affected the company's production cost.