New Delhi: Propane shortage may impact India’s steel and paint Industries as number of units are facing supply crunch amid the ongoing west asian crisis.
Indian steel industry primarily uses propene for metal processing and final production of steel materials.
Qatar is the largest supplier of propane to India, which has been badly affected by the Iran-Russia war as most of the supplies come through the Strait of Hormuz, which Iran has blocked.
Several industry sources told Bharat Neeti that if the West Asian crisis escalates, major steel producers like JSW Steel, Tata Steel, Steel Authority of India Limited (SAIL) may shut down their production in the coming weeks.
