Mounting gas shortages disrupt some steel plants at India’s JSW, one unit may face shutdown
NEW DELHI: Mounting gas shortages have disrupted operations at some steel plants of India’s top metals conglomerate JSW Group, with one unit facing a potential shutdown in the coming days, according to an internal note seen by Reuters. India, the world’s second-largest crude steel producer, is facing its worst gas crisis in decades after the Middle East conflict disrupted supply routes. JSW said in the note that disruptions to fuel supplies and maritime operations were starting to affect its operational stability and supply chain. As a result JSW Steel Coated Products risked missing sales and supply obligations for tinplate under the government’s production-linked incentive scheme and has requested a six-month extension, it added. “JSW has also received force majeure notice from one of its key suppliers - Petronet LNG Ltd owing to Middle East crisis affecting LNG shipment,” the note said. India tells LPG users to switch to piped gas wherever possible JSW did not immediately respond to a request for comment.