Monthly centralized bidding transaction in Guangxi power market.

Last week, a Tata Steel spokesperson had said the company was supplying 300 tonne of LMO daily to various states.

“We are also trying to convert the old cryogenic tankers used for transporting nitrogen into tankers for transporting oxygen,” Oommen added.

“This will remove a major bottleneck in transportation of LMO to states. As on date, 1172 tankers are available for LMO, with the capacity 15900 MT,” the statement said.

Steelmaker JSW Steel reported a 6% growth in the crude steel production of 4.19 million tonnes in the last quarter of the financial year 2021.

The sale of construction steel hit 855,000 tonnes, a year-on-year surge of 17 percent. Exports of the item topped 147,000 tonnes, up 10 percent.

Hung Nghiep Formosa Ha Tinh took the second spot with output of 1.62 million tonnes, 20 percent lower than Hoa Phat.

India's primary steelmakers have increased their share of exports in Q4 amid rising international steel prices.