RINL’s operation&efficiency lauded at steel summit
In a recent summit titled Global Summit on Steel & Coal held at New Delhi, Mr TK Chand, Director (Commercial), RINL highlighted the company’s performance which was appreciated by the distinguished professionals from the Steel and coal ministry.
In fact some of the top management consultants while giving their observations on RINL’s performance compared it to Japanese steel companies in the areas of efficiency and market operation.
Director (Commercial) addressed the participants on ‘Pricing mechanism on Coal & Steel Industry’and informed the audience that unlike mining Industry, Steel Industry does not have pricing power & steel pricing has always defied standardization due to lack of consolidation and cyclic in nature.
A Double Helix pricing model called “Seven Factor Pricing Model” which was developed by RINL’s Marketing Department for steel product pricing in association with IIM, Ahmedabad received appreciation too and a number of consulting firms expressed their interest in becoming knowledge partner with RINL for developing Double Helix Power Pricing Model which will be for the first time in Steel Industry.