Impact of COVID 19 on Steel Industry – A case Study of RINL, Visakhapatnam Steel Plant

  • Pradosh Kumar Rath Chairman-cum-Managing Director, Rashtriya Ispat Nigam Limited, Visakhapatnam, INDIA
  • Prof. B. Mohan Venkata Ram Professor. Department of Commerce & Management Studies, Andhra University, Visakhapatnam, INDIA
Keywords: COVID – 19, Infrastructure, Manufacturing, Global Economy, Pandemic

Abstract

Steel is by far, the most widely used and is environment friendly as it can be recycled 100%. Steel has wide variety of applications in day to day life. Indeed, steel is the backbone and support of the global economy and infrastructure. Steel has got many forward linkages with manufacturing industries.

Status of global steel industry before the onset of COVID 19 and the effect of pandemic on industry in both global and Indian contexts were discussed. The status of Indian economy was briefly explained and projected outlook for steel market after breakout of the pandemic.  The effect of COVID on RINL was discussed in detail and various strategies adopted by the industry during the period were explained. Handling of such future eventualities were addressed. After the outbreak, the recovery and outlook were explained in detail. Interventions and initiatives sought from the Government were presented in this paper.

Downloads

Download data is not yet available.

References

2020 World Steel in Figures, World Steel Association.

MIS Report on Iron & Steel. (2020 Apr). Joint Plant Committee, Government of India.

National Steel Policy. (2017). Ministry of steel, government of India.

Global Steel Industry Overview. (2020 Dec). World steel association.

Industry Week. (2021). Global auto production dropped 16% last year thanks to COVID-19.

https://www.industryweek.com/the-economy/data-and-statistics/article/21159389/global-auto-production-dropped-16-last-year-thanks-to-covid19.

Published
2021-08-08
How to Cite
Pradosh Kumar Rath, & Prof. B. Mohan Venkata Ram. (2021). Impact of COVID 19 on Steel Industry – A case Study of RINL, Visakhapatnam Steel Plant. International Journal of Engineering and Management Research, 11(4), 115-127. https://doi.org/10.31033/ijemr.11.4.15