Tata Steel Planning To Defer Vendor Payments By 45 Days

Tata Steel is seeking a 45-day delay in payments to vendors, citing the Covid-19 lockdown and assuring them that they will be paid ance the crisis is over."To ensure business continuity. we are compelled to seek an increase of navment terms of our vendor partners by 45 days over and above the prevailing pavment terms." it said in a letter. "We do realize that this will have an impact on our vendor partners, but wish to assure you that we will try and revert to normal business as soon as the situation allows and all due pavments will be made goodTata Steel told it had built a relationshin hased on trust and transparency with various stakeholders and that these were unprecedented times that needed a collaborative approach.The 40-day national lockdown. scheduled to end May 3. has hit the production of steel, with Tata Steell temporarily closing its downstream units in Maharashtra and Uttar Pradesh. However, its plants in Jamshedpur and Kalinganagar are currently operational.

Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.

No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.

CSPG  has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation. 

We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.