Jamshedpur: Private steel major Tata Steel was yet to feel the pinch of the global economic slowdown, its managing director H M Nerurkar said on Saturday.

"The impact of the slowdown has not yet been felt in Tata Steel as its (Tata Steel) production and sales are being recorded at its maximum capacity," Nerurkar told journalists at the J R D Tata Sports Complex here after felicitating three mountaineers including a tribal who conquered Mt Everest on May 26.

Admitting that the slowdown may have its impact on the century-old steel company in the last hours, he said currently, there was no such impact in the company due to its strong the delivery mechanism and quality products.

However, the impact of the slowdown was obvious all over, he said adding that "our industrial growth for the last two months was not good and we need to bring it back on track soon."

About the Standard and Poor’s recent observation on country’s growth rate, Tata Steel managing director said the government was taking steps to address it but the steps should
be visible on the ground to make a quick come back on the growth track.

Nerurkar said impact of the Euro zone crisis was witnessed across world including India.


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