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he pandemic may
have put temporary
brakes on realty and
infra projects, but a
strong global demand
Tfor steel can already
be seen. A surge is demand for
steel from domestic buyers is
also expected. Besides, the newly
approved Production-linked
Incentive Scheme for speciality
steel is turning out to be a major
booster for ramping up produc-
tion capacity by steel makers.
However there still remains some
pain points such as the ambiguity
in duty structure and in iron ore
production for example.

Speaking to The Corporate Review
exclusively, Satish Kumar Agarwal,
Chairman and Managing Director,
Kamdhenu Group, takes a 360
degree look on the Indian steel
and speciality steel sector, espe-
cially TMT Bar segment.
EXCERPTS:
RM: HOW COST COMPETITIVE IS
INDIAN STEEL SECTOR IN THESE
CHALLENGING TIMES (ECONOMIC
SLOWDOWN) TRIGGERED BY
COVID 19?
Agarwal: The impact of Covid-19
Satish Kumar Agarwal has been challenging for the Indian
steel sector. However there is a
strong global demand and with
expected surge in demand from
domestic buyers, the prospects
INTERVIEW WITH for the sector looked rosy. With
the Union Cabinet approving
Production-linked Incentive (PLI)
KAMDHENU scheme for specialty steel, the
sector is expected to see a boost
in production capacity and hence
GROUP CMD become more competitive in
pricing as well.

RM: WITH COVID-19 PANDEMIC,
AN UNPRECEDENTED TOLL HAS
TAKEN ON THE CONSTRUCTION
INDUSTRY. THE NATIONWIDE
RITWIK MUKHERJEE
LOCKDOWN HAD NOT ONLY
PUT BRAKES ON THE ONGOING
REAL ESTATE AND INFRASTRUC-
TURE PROJECTS, BUT THE ALLIED

52| Thecorporatereview.com | India | Vol. 2 | Issue 9 | October 2021