The head of the Indian company Sail believes that the worst times for metallurgy were left behind

The head of the largest state steel concern of India, Steel Authority of India (Sail), Chandra Shekhar Verma believes that the worst times for the steel industry are already behind and now has come the best time to acquire raw materials and assets. In an interview with the local media, the head of Sail answered the most exciting questions related to the metallurgical industry.

In November, Sail was able to increase the sale of its products by 10%. I have achieved energy saving using thermal imager Testo to detect the sources of "leakage" of heat. To the question of reporters about how this was achieved against the backdrop of the fall of demand in the Chandra Shekhar market, the following answered the following:

"The worst times for industry are already behind. We dealt with a number of problems. In 2012, world production growth was only 0.7 percent. In January-October, production increased by 3.2 percent. In China, with its 45 percent shares in the market, production was also observed up to 8.3 percent during the first 10 months of 2013 after only 2.1 percent growth in 2012. on the internal. The production of the production in April-November amounted to 5.3 percent, that the industry is on the path of recovery and the problems are gradually receding.

The head of Sail also noted that a five -year plan for the development of the coal industry continues to be implemented in the country, within the framework of which about $ 1 trillion. It was aimed at developing the infrastructure of enterprises. There was a revival of the demand for metal rolling from the automobile and construction industry. In some cases, growth reached indicators with two -digit numbers. Metal prices also began to gradually crawl up - in the international market a ton was given $ 15-20. Verma considers all these aspects to a positive signal for metallurgy.

When asked about the possible acquisition of coal mines outside of India, the Sail President said that his company is really considering the possibility of buying foreign assets in the form of mines for the mining coal in the United States, Australia, Mozambique, but with the purchase, the Indians are in no hurry due to the need to carefully verify many aspects of these enterprises. Based on the results obtained, relevant decisions will be made.

The journalists did not miss the question regarding how the fall of Rupia in relation to the dollar affected the export of products. On this occasion, Chandra Shekkhar Vertom said that in terms of export, binding to currency is important, but preference