SAIL constitutes task forces to review steel demand

Facing a twin problem of dip in demand and prices leading to a glut in almost all categories of products, steel giant SAIL has constituted five task forces to review the market and take corrective steps. A delay in decision would lead to pili ng up of inventories further and the organisation would have no option but to cut production if the slump in demand continues for some more time, government sources said. “As part of their agenda, five task forces comprising directors of SAIL would suggest re-orientation of product-mix to match the supply in tune with the demand of products,'' sources said, adding this would enable the steel major to design production cap acity for various products accordingly. “They (task forces) would review the demand scenario for our products and help re-orient the products-mix. They would also look for opportunities to procure cheaper raw materials like coking coal, limestone, dolomite, ferro manganese and refractories in the present downturn market,'' said an official