What are the factors that would impact Tata Steels growth?
We have very modern and updated manufacturing facilities which provide and opportunity for product mix enhancement. Many of our recently added facilities match with the growth of the value-added segment in India [ Images ]. There are also continuous efforts towards cost reduction and a powerful vision which employees have embraced. On the negative side, we do have a large workforce resulting in a higher than desirable level of employee cost. This factor is appreciated by all, including our union leadership and efforts are on to find out acceptable solution. How do you see the dynamics of the steel industry changing over the next few quarters? The global steel industry has a moderately positive outlook in the next 1-1.5 years. Global consumption is expected to rise 2 per cent this year, and by 3.5 per cent next year. Demand growth in China continues unabated. Japanese firms have put a curb on the drastic price-cutting they were resorting to. Production has also been cut back. The US eco
