O2 unavailability deepens steel output fall as secondary players shut mills

RP Steel and Arora Steel secondary speciality steel players impacted by the unavailability of oxygen

With the government banning the use of liquid oxygen for industrial or non-medical purposes, the domestic secondary steel sector has taken a big hit.

The secondary steel sector contributes nearly 50 per cent to the total domestic production annually.

“We have shut our plant and are losing 20,000 tonnes of steel every month in production due to non-availability of oxygen. We do not know when we will be able to restart the unit, as there is uncertainty,” R K Goyal, managing director of Kalyani Steels, told Business Standard.
 

The BSE-listed company is in the business of special steels, with its manufacturing facility