Collaboration recipe for Central India steel players for future growth participation: mjSTEELATHON conference

Raipur, Oct. 9 -- Raipur: The medium to smaller steel players of Central India, particularly in and around the steel hubs of Chhattisgarh, need to adopt a collaborative approach to compete effectively with the large integrated steelmakers which are aggressively going for major capacity expansions, industry leaders said at mj STEELATHON conference held at Raipur on Friday.

"The steel sector of Central India should take a collaborative industrial approach as the plants are small while ISPs are putting up large capacities. Environmental issues are also coming up with tightening norms. The solution for the smaller players is to go co-operative like approach for forming SPVs common facilities like a central DRI unit," V.R. Sharma, Managing Dire...