Posted on 20 Nov 2008
Facing twin problems of a 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 piling 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 capacity for various products accordingly.
