A history of positive response

The 1960s was a time of economic uncertainty in Singapore. Infrastructure was poor and the existing industrial facilities were mainly for domestic consumption. There were few exports and very little foreign investment. In addition, Singapore was also battling unemployment and labour unrest after the withdrawal of British troops. The need of the hour was to give the country’s economy a boost, accelerate industrial development and create jobs.

BIRTH OF NATSTEEL

National Iron and Steel Mills Ltd. (NISM) was incorporated on 12th August, 1961 to manufacture, export and trade in iron and steel products for the construction industry in Singapore, Malaysia and the adjoining region. Tasked to support Singapore’s nation-building efforts, NISM’s products were used in most construction projects, such as HDB flats, MRT lines and Changi Airport. In 1990 NISM changed its name to NatSteel. By the beginning of the 21st century NatSteel had established a strategic footprint in the growing economies of the Asia Pacific and had built a premium brand name that was widely respected for its quality and production know-how. Since its inception NatSteel has nurtured an ethic of positive response to challenge, a tradition it continues as part of the Tata Steel Group.