Coronavirus outbreak and lockdown impact weighs on Indian steel industry

The outbreak of COVID-19 and a lockdown to prevent the spread are threatening to impact production of steel companies. Tata Steel is closing down its downstream standalone units in Maharashtra and Uttar Pradesh in line with guidance from respective states. The main sites at Jamshedpur, Kaliganagar and Angul, however, are operational, as they are process […]

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Steel companies in India stocking up on iron ore on fear of supply disruptions

Steel manufacturers and other end user industries in India have accelerated iron ore buying as they fear disruptions in supplies after the end of lease tenure of merchant mines by March 31, 2020. Almost all leading integrated steel makers and secondary producers have intensified iron ore sourcing to avert raw material crunch and ensure uninterrupted […]

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