JSW Steel, India’s largest steel producer, announced a cut of nearly 10% of its steel output, citing oxygen shortages and continued decline in industrial demand.
According to a report by the Financial Times on May 10, JSW is India’s most valuable steel producer (approximately US$24.5 billion). JSW’s CEO Sajjan Jindal told the Financial Times that affected by the new crown epidemic, The company has cut steel production by nearly 10%, and the relevant measures are expected to continue until September.
Due to the severe lack of oxygen in patients with the new crown, the Indian industrial group was forced to transfer oxygen from the factory to the hospital. Jindal said that JSW is currently India's largest supplier of medical liquid oxygen, with a daily supply of 1,200 tons. He said he expects this situation to continue for "a few months."
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