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India’s oxygen emergency requires steel export reductions

Coronavirus 486 India 448 Materials - Metals/Mining 683 Metals - Steel 467

The Indian government has requested that steelmakers focus their liquid oxygen production, used in the blast furnace process, on supplies to the medical industry. While India’s COVID-19 crisis clearly needs to take priority, there will be downstream supply chain implications for producers and buyers of Indian steel. Exports of basic steel products from India had already fallen by 14.3% year over year in the three months to Jan. 31. Shipments linked to Steel Authority of India, which has already agreed to the government’s call, fell by 32.2%. Exports linked to Tata Steel and JSW Steel fel...

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