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Tata Steel output back at 100% led by rural demand, good monsoon: Narendran

The company is now less dependent on exports compared to the first quarter, he added

T V Narendran, Chief Executive and Managing Director, Tata Steel
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In the international markets, the V-shaped recovery in China and also the country's transition from being a net exporter of steel to a net importer has changed the demand-supply dynamics in the region, he added.

Press Trust of India New Delhi

Tata Steel's production level has now recovered to 100 per cent as the company sees a revival in domestic demand in the current quarter led by a good monsoon and rural economy, its CEO and Managing Director T V Narendran has said.

The company is now less dependent on exports compared to the first quarter, he added.

The Covid-19 outbreak in India, followed by the national lockdown, impacted the steel industry severely. It disrupted the supply chain and impacted the demand as well as production.

Due to the market conditions, steel makers like Tata Steel were forced to cut down their operations by