Production of steel has suffered because of the shortage of medical-grade oxygen. This, in turn, has affected industries that use steel as raw material, including automobiles, said industry executives. A similar production cut is also expected to impact the steel industry. According to industry data, domestic steel consumption declined 26% in April, and exports fell 26% during the month due to the disruptions. With several states under lockdowns, the supply chain network of most manufacturers came under severe pressure, forcing them to shut factories.

Source: Mint May 10, 2021 18:06 UTC