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Tata Steel said on Wednesday that it was reducing operations at sites in India and Europe in the wake of the action taken by national governments to contain the spread of Covid-19.
Since the 21-day lockdown was announced in India, steelmakers such as JSW Steel, Steel Authority of India Ltd, and ArcelorMittalNipponSteel India have reduced capacity utilisation.
Not just in India, however, but across the globe, producers have reduced operations. On Tuesday, ArcelorMittal said that in response to decline in industrial activity, it was reducing production and temporarily idling steelmaking and finishing assets, on a country by country basis in
