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IEEFA: West Asia’s Woes Widen India’s Steel Energy Security Chasm
India’s steel sector faces production cuts as West Asia conflict disrupts LNG, LPG, scrap, and iron ore supplies. Gas‑based DRI plants operate at 60‑70% capacity. JSW Steel and AMNS India seek government intervention. Met coal imports, at 90% dependence, incur $168 million extra freight costs. Scrap imports from the region drop by 500,000 metric tons. IEEFA report urges energy security strategy, not just capacity expansion, including green hydrogen from domestic renewables.
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