PTI said that, faced with reduced demand due to a lockdown in India, primary steelmakers such as Steel Authority of India Ltd and Tata Steel have cut their production by about 50 percent. Sources said: “The companies made the decision due to the decrease in market demand after the blockage, which affected the movement of logistics. Buyers are also reluctant to place orders. "
While a SAIL official confirmed a production cut of about 50 percent over the phone, an email request sent to Tata Steel went unanswered.
Earlier media reports suggested that AMNS India and JSW Steel also cut production significantly.
Production of SAIL and Tata Steel decreased by 50%
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Azovpromstal® 8 April 2020 г. 12:02 |
