04
May
11:40
Indian steelmakers face worker shortage, excess inventory: Ind-Ra
Indian steelmakers will face issues with manpower availability and excessive inventory as they bid to raise capacity utilisation following India’s relaxation of the Covid-19 lockdown from this week, says India Ratings and Research (Ind-Ra).
Although steel is classified as an essential good, logistical constraints may remain due the lack of fleet availability and longer trip time.
Ind-Ra expects domestic steel demand to drop -12-15% on-year in the fisca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous