Steelmakers ready to fill void left by Chinese firms: JSL's Abhyuday Jindal

The overall growth of stainless steel industry, like many other industries, and in fact, all of Indian economy, is bound to witness contraction in FY21, says Abhyuday Jindal

Jindal Stainless (JSL), the largest maker of stainless steel, is branching out to new export markets in Korea and South America as domestic demand is unlikely to see any uptick before the December quarter of FY21. Managing Director ABHYUDAY JINDAL tells Jayajit Dash how the company is keeping a flexible production schedule to align with customer demand. Edited excerpts:

Steel demand is likely to contract in FY21. Will stainless steel demand also suffer? How do you plan to stay profitable in FY21 amid Covid-19 shadow?

The stainless steel industry, like many others, is bound to witness contraction in FY21. April was a