SAIL facing order cancellations, re-scheduling due to lockdown: Report

The steel companies were facing logistics issues, on one hand, and dealing with lower demand as most of the user industries were reeling from the impact of the lockdown.

Steel Authority of India Ltd (SAIL) has had some of its orders cancelled due to slower handling at ports because of the 21-day lockdown imposed by the central government to prevent the spread of the coronavirus in the country. The move has hit movement of goods and shipments across the country, a source, on the basis of anonymity, told news agency Reuters.

The country's largest state-owned steel company faced a marginal hit to production as some of its inventory was piled up at ports owing to the situation.

Most steel companies have faced similar disruptions and