19
Oct
01:00
Indian producer out of action for up to a month following cyclone
Visakhapatnam (Vizag) Steel Plant may remain out of action for another month, following its shutdown a week ago on account of electricity supply disruption caused by cyclone Hudhud, according to local reports citing Andhra Pradesh Chief Minister N. Chandrababu Naidu.
The minister says the plant suffered losses of INR 350-400 crore ($57-65 million) due to the cyclone. The state-owned steelmakers’ spokespeople could not be reached by Kallanish for commen…
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Very good overview of the weekly steel market.
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