Domestic flat steel prices unlikely to go up anytime soon: Tata Steel CEO

In an interview with Business Standard, T V Narendran talks about the company's thrust on exports in 2021-22 (FY22), Europe operations becoming self-sufficient, and the domestic demand scenario

With domestic steel prices not expected to rise in the same momentum they did a few months ago, Tata Steel is banking on strong volumes to sustain its earnings before interest, tax, depreciation, and amortisation (Ebitda) in the midst of rising costs. In conversation with Aditi Divekar, T V Narendran, chief executive officer and managing director of Tata Steel, talks about the company's thrust on exports in 2021-22 (FY22), Europe operations becoming self-sufficient, and the domestic demand scenario amid an anticipated third wave. Edited excerpts.

Domestic steel prices have corrected recently. There is also resistance from the consumer industry against