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◆the business environment becoming extremely challenging for steel


Release date:[2017/2/7 9:03:25]    Source:Shan dong Wan steel importer and exporter co.ltd

Country's largest steel maker SAIL today said with the business environment becoming extremely challenging for the steel sector, it has identified five core areas, including optimisation of new assets utilisation, to turn impending challenges into opportunities.
The announcement comes at a time when there is a slump in the demand for steel.
"At this crucial juncture for steel industry across the world, SAIL management realises that business environment has become extremely challenging. Thus the company, in a recent meeting of top management, devised appropriate responses for the impending challenges to turn them into opportunities," Steel Authority of India Ltd (SAIL) said.
Five core areas were identified including, ensuring quality and cost effective input, achieving production excellence, optimising new assets utilisation and leveraging human capital.
SAIL is focusing on developing high impact leadership amongst its ranks for which it is sensitising talented young executives to drive the top management's agenda of 'change' and for transforming the PSU into a vibrant organisation.
With this aim in sight, SAIL Chairman P K Singh and other directors interacted with young managers for re-energising them and reshaping their perspective on leadership.
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