Tag: Morning Brief

  • India’s steel production hit by higher power tariffs, outages

    India’s steel production hit by higher power tariffs, outages

    Increasing power tariffs increasing production costs Power cuts forcing production cuts Steel mills with captive power plants are diverting power to grid Sponge iron mills impacted by coal, power costs Morning Brief: India’s induction and electric arc furnace mills are in a Catch-22 situation. The cost of production is being propelled upwards by power and coal…