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The Turnaround of Ispat Karmet |
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Abstract:
Apart from 'cleaning up the system', Ispat's managers impose discipline on the workers. Ispat also makes investments worth US$500 million to improve product quality. It changes Karmet's revenue model by moving from barter exports to hard currency exports. Having turned around the operations, Mittal launched various initiatives to win the faith of the Timertau community. Contents:
Keywords:Ispat, Mittal, Turnaround, Karmet, Direct-reduced iron (DRI), Basic oxygen furnace (BOF), Strategy, Steel, Communist, Corruption
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