"In view of the slump in steel sector across the world, we have initiated steps to address the challenges and launched 'Sikhar 25' campaign to involve employees and officials to enhance productivity in respective areas," Tata Steel vice-president (HRM), Suresh Dutt Tripathy said.

"The country is producing 80 million tons of steel as against the capacity of 110 to 115 million tons, but China is producing 840 tons of steel against their capacity of 1,200 million tons per annum," he said, adding that out of the 840 million tons, steel consumption of China was 720 million tons, leaving 120 million tons surplus.

Asked if Tata Steel had any plans to reduce workforce due to prevailing slump in demand, Tripathy said the company has no such plans.

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