Chadormalu, one of Iran’s leading steel exporters, has suffered production loss of 100,000 t due to power outages. As per the newly-eased norms, the steel industry can resume production on Mondays and Tuesdays from midnight till 8 am the next day operating at 50% of their total electricity consumption. However, the mills can operate using only 10% of the power they actually require for the balance period of the day and up to midnight.
From Wednesday to Sunday, the mills can continue with their production at all hours of the day and night but only drawing 50% of the total power they require.
The mills are worried about whether they would be able to meet the billet deliveries and hence are not much active in the export market.
Leave a Reply