The recovery for the steel sector is faster than expected, and prices are at a high after a while. In an interview, Tata Steel managing director and chief executive officer, T V Narendran, tells Ishita Ayan Dutt that across sectors there is a pick-up in consumption and keeping up with market requirements is a struggle. Edited excerpts:
Are current steel prices sustainable?
The long-term average for steel prices during the past 10-12 years is $600 a tonne. We are nowhere close to the top, globally. Since 2015, steel prices have struggled. But as China contributes less to world exports and