Covid-19 slowdown: Steel ministry moots action plan to mitigate impact

The steel ministry has invited request for proposal (RFP) from consulting firms for developing an action plan to mitigate the impact of slowdown induced by the Covid-19 pandemic. “The management consultant will be responsible for development and implementation of an action plan with defined milestones, within a period of one year from the date of signing the contract,” Joint Plant Committee (JPC), a wing under the ministry of steel, said in the RFP inviting interested parties.

Apart from identifying the current challenges of both the integrated and secondary steel producers, the preferred consultancy firm will have to assess their impact on the steel sector as a whole including their bearings on the supply-chain, logistics, cost of raw materials and pricing of products, availability and cost of labour, international trade-related issues, demand in both domestic and international markets, external and internal threat analysis and cost and availability of finance.