The steel sector is reeling under pressure, internal and external such as fear of global slowdown, iron-ore ban and coal-linkage issues among others. This has led to most Indian companies taking a hit in margins.
Speaking to CNBC-TV18 in an exclusive interview, RK Goyal, managing director, Kalyani Steel says that being a domestic demand/supply-driven company, it is the Supreme Court ban on mining that poses a major threat. He says that it is imperative that more mines are given permission to go ahead with mining activities.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
