Metropolitan Steel Corporation Research Paper Example | Topics and Well Written Essays - 2000 words

Metropolitan Steel Corporation - Research Paper Example General Manager Administration, Human Resources, Marketing & Production, Mr. Iqbal Jamil Abbasi looks after the Administration, Marketing, Human Resource & Production. He has done his Masters in Management from the Asian Institute of Management, Philippines, and was in management cadre, Pakistan Steel Mills Limited for eight years. Mr. Iqbal Jamil Abbasi was highly cooperative in providing excellent information about Metropolitan Steel. He was extremely cooperative and provided all of the required information. Following is the set of questions, which were asked from Mr. Abbasi during the interview; There is inconsistency prevailing in the political environment due to ever changing policies and unstable political scenario. Every Government comes in with a new set of rules, which are impracticable to implement, therefore creating hassles instead of facilitating the processes. Another drawback is the ever-lessening coordination between different governmental departments with rampant corruption. Even for a fair deal bribe has to be offered. Due to the following reasons economic policies towards industries are not favorable: Pakistan steel used to increase prices at every mini budget, which resulted in low profit margin for MSC leading to subsequent loss. Now, MSC's policy has been amended and product price has been related to the increase in prices of Pakistan Steel billets. Even then frequently increased prices may results in cancellation of the orders there by forcing a loss on both the customer and the manufacturer. When raw materials are imported, they cost half the price than that of Pakistan