Coronavirus outbreak and lockdown impact weighs on 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 plants and hence have permission from local authorities, said sources.
 

One of India’s largest steel makers, Tata Steel’s consolidated crude steel production capacity is at 19.6 million tonnes, with manufacturing facilities in Jamshedpur in Jharkhand, Kalinganagar and Dhenkanal in Odisha, Sahibabad in Uttar Pradesh and