Responding to the Crisis

NatSteel Holdings Initiatives

NatSteel’s Singapore operations have been working and continue to work on improvements in productivity and yield through various internal initiatives like reducing operating and overhead costs. Product mix has also been optimised by selling larger tonnages of downstream products with an estimated bottom line benefit of S$14 million.

As part of its efficiency drive NatSteel implemented its SAP IT project on schedule, thereby achieving better workflows. The company is working on programmes to restructure its businesses in order to be better prepared to deal with industry peaks and troughs.