Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Indian Steel Association (ISA) appointed Dilip Oommen, CEO of ArcelorMittal Nippon Steel (AM/NS) as its president on Tuesday with immediate effect. He is appointed president for a tenure of two years. 

 

Oommen is an industry veteran with more than 37 years and an alumnus of Indian Institute of Technology, Kharagpur. He has appreciated the government’s effort in helping the industry with the economic package and called for incentives for steel exporters to help Indian companies compete in the global market, in an interview to local media. He alluded to how AM/NS has dealt with the pandemic by increasing exports. Indian billets and HRC are exported into China and Southeast Asia as the domestic steel demand is very poor and there are issues with interstate logistics. 

 

Former president TV Narendran, CEO of Tata Steel, had stepped down on May 1, three months ahead of schedule. Narendran steps over the difference of opinions regarding mining rights, as reported by Davis Index. Over the year’s ISA was headed by industry veterans including Sajjan Jindal, Chairman of JSW group and CS Verma, former chairman, SAIL.

 

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