SAIL and Tata Steel Production Down by 50% amid Coronavirus COVID-19 Lockdown

• Thursday, April 9, 2020
• Source:ferro-alloys.com

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• Keywords:SAIL and Tata Steel Production Coronavirus COVID-19

[Ferro-Alloys.com] 

PTI reported that facing reduction in demand due to the lockdown in the India, primary steel makers such as Steel Authority of India Ltd and Tata Steel have reduced their output by about 50 per cent. Sources said “The companies have taken the decision because of the reduced demand in the market after the lockdown, which has impacted logistics movement. Buyers are also reluctant in placing orders.”

 

While a SAIL official confirmed reducing output by about 50 per cent over phone, an e-mail query sent to Tata Steel remained unanswered.

 

Earlier media reports have suggested that AMNS India and JSW Steel have also cut their output substantially. （STEELGURU）

 

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