Stainless Steel business is ‘more challenging than the last ten years’: Sam Desai reflects on downturns

Stainless Steel business is ‘more challenging than the last ten years’: Sam Desai reflects on downturns

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When coronavirus hit, industries around the globe were forced to halt or reduce production. Several Steel mills were operating on reduced capacity.

The pandemic resulted in a substantial drop in the demand for steel. This was largely due to the shutdowns in construction, automotive and rail sectors.

Although stimulus packages in different countries has helped boost steel consumption, the demand for steel is expected to recover in 2021, based on reports from the World Steel Association.

According to Sam Desai, Vice President at RM Metals, today the business is more challenging than the last 10 years.

“The new challenges, demands and growth is way different as compared to the first quarter of this year,” said Desai.

How long will it take for the stainless steel industry to recover from the long-term effects of coronavirus?

Join us on July 8 to hear inputs from key players in the stainless steel industry including Sam Desai, Vice President at RM Metals, Pratik Shah, Director at Chromeni Steel Pvt. Ltd., Baris Yilmaz, General Manager at Trinox Metal and Oktay Arslan, Sales Manager at Kaya Stainless Steel.

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By Sonia Jacob Koshy

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