Steel companies reduce output amid gas supply issues
pre-market1 source ↓written by the desknot a recommendation
Steel companies are cutting production due to supply constraints in industrial gases and disruptions in global shipping routes stemming from the West Asia conflict. Key challenges include shortages of LPG and LNG, increased freight rates, and order cancellations for exports to West Asia. Jindal Stainless reported that its plants are operating at rationalised capacity due to these fuel constraints.
Not investment advice. For informational purposes only.