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Soaring Oxygen Demand Makes Indian Tycoon Cut Steel Output

  • JSW Steel is cutting production to augment oxygen supplies
  • State-run Bhilai Steel plant has also taken temporary shutdown
Workers load refilled oxygen tanks at a refill station in Navi Mumbai, India, on April 22.

Workers load refilled oxygen tanks at a refill station in Navi Mumbai, India, on April 22.

Photographer: Dhiraj Singh/Bloomberg
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India’s most valuable steelmaker is cutting output to step up supplies of medical-grade oxygen as the country grapples with a devastating shortage of the life-saving gas amid surging coronavirus infections.

JSW Steel Ltd. said Tuesday it is reducing output to augment liquid medical oxygen supply to more than 900 tons a day by April-end, and more than 20,000 tons for the entire month. It joins Steel Authority of India Ltd., which said Monday its Bhilai plant is taking a temporary shutdown to boost oxygen supplies.