Dr Peter F Marcus of World Steel Dynamics during an interview with CNB TV18 opined that Indian steel makers are relatively best positioned in this downturn.

He said that “The steel industry is having extraordinarily low volumes and severe price cost squeeze. We are having something called as a W-pricing pattern and prices for hot roll have fallen in the world market well below the average cost for many producers.”

He added that “But Indian steel companies are best positioned in the globe at present. Indian companies operate at low costs and have good enough domestic market to maintain their production and can export due to their low cost and make some profits.”