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AM/NS India’s Chief Marketing Officer Mr Ranjan Dhar in an exclusive interview with Mr Surya Sarathi Ray of Financial Express has opined that “Historically, Indian prices have followed import price parity. However, for the past several months, Indian prices are at a considerable discount compared to international prices. Domestic prices will be supported by several factors in the coming months: firstly, the domestic steel prices are at a huge discount as compared to global prices. Secondly, improving domestic demand, which we’re already seeing for the past couple of weeks; and thirdly, greater demand and supply balance, primarily created by expected production cuts by China in the second half.”
He also said “After a dent in demand during the second wave that hit in May and July; we are witnessing a good broad-based demand recovery since August, particularly from the auto, white goods and infrastructure sectors. Though, the impact of the second wave on the industry was not as severe as the first one because we all are well-prepared in terms of production, logistics, sales, and more importantly health and safety of stakeholders to effectively tackle the situation.”