UTC+8 ( BJT)

Impact of COVID-19 on Indian Steel Industry

Imposition of lock down to prevent the spread of COVID-19 has weighed down market sentiments in Indian steel industry. Below listed are the impacts seen -
Auto companies suspend production:Several auto companies including Maruti, Hyundai, Hero, Escorts, Honda, Tata Motors, Ford India and Kia Motors have suspended their production till further notice. Large steel mills continue production:Shortage of manpower and challenging environment has made the situation tough for Indian steel mills.“No shutdown in steel plant so far, however there is cut down


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