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ET Markets - Industry 120d ago
West Asia crisis hits stainless steel production; LPG shortages and logistics disruptions raise costs
The West Asia crisis and LPG shortages in India are affecting the domestic stainless steel industry, forcing companies to cut production and brace for higher costs. Manufacturers rely heavily on LPG and natural gas for key processes, and fuel constraints have led some plants to operate at reduced capacity.
BRACEPORTONGCSALSTEELSJLOGISTICMetals & MiningOil Gas & Consumable Fuels
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Moneycontrol NaNd ago
Adani Ports, Aegis Vopak fall up to 6%; shipping, logistics stocks sink on Strait of Hormuz disruption fears
Among the sharpest losers in shipping and logistics stocks were Adani Ports and Special Economic Zone, Aegis Vopak Terminals and Essar Shipping, falling 5-6 percent each. The sell-off in logistics and port stocks comes as crude oil prices surged amid the Middle East conflict.
ADANIENTADANIPORTSAEGISLOGAEGISVOPAKBRACEPORTESSARSHPNGOILSCISJLOGISTICMetals & MiningOil Gas & Consumable Fuels