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Indian steel magnate Tata Steel Managing Director NERURKAR today in an exclusive dialogue with Reuters that the price fluctuations of raw materials and commodities to the relationship between supply and demand in the manufacturing sector, resulting in manufacturing companies with tight customer relationships. He also said that due to the impact of this, this year did not continue expansion in China market plan.
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NERURKAR attend the Boao Forum for Asia 2011 Annual Meeting and participate in the theme of "G20: at a crossroads". In today, he said on Sina Finance, raw materials and commodity price volatility in the global market is a serious problem, the steel industry since the 95 years since the fluctuations of $ 250 / ton. For the steel industry, raw materials, the company's total costs as high as 70%, seriously affected the company's supply and demand relationship.
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He said that due to rising prices, making the company and the customer relationship became tense, "This makes our customers very dissatisfied, they are very angry. The "NERURKAR also said that due to the impact of raw material prices, the company did not continue expansion in China market plan," sold well for the Indian market, the supply is already very nervous, we would like to begin by the Indian market well.
Tata Steel is India's largest steel plant World Steel Pipe News , the company in China, Wuxi and Xiamen have a rolling mill. The parent company, Tata consortium is India's largest consortiumWorld Steel Pipe , which owns nearly 100 companies involved in steel, automobiles, machinery, electricity, textile, chemical, household appliances and other areas.