The Steel Industry across the
world is in a dilemma. Estimates show that the demand for steel has gone down
not because there is no need for it but rather because the feeder element of
the steel industry has been capped. As an industry, steel sales are directly
influenced by companies which require it for their purposes. When these
companies as part of an industry are themselves experiencing a tough time, then
they put projects on hold. It’s this that the steel industry has recognized as
the fundamental reason it’s started to experience a downturn.
Sajjan Jindal, Vice Chairman and Managing Director, JSW Steel, has come up with an ambitious programme in order to increase his presence in the core steel business. There are also indications that he is also interested in diversifying into the sectors such as power, cement, aluminium and infrastructure.
The Steel Industry across the
world is in a dilemma. Estimates show that the demand for steel has gone down
not because there is no need for it but rather because the feeder element of
the steel industry has been capped. As an industry, steel sales are directly
influenced by companies which require it for their purposes. When these
companies as part of an industry are themselves experiencing a tough time, then
they put projects on hold. It’s this that the steel industry has recognized as
the fundamental reason it’s started to experience a downturn. 
