India's JSW Steel expects a significant reduction in its capacity utilization rates during the country's 21-day lockdown following its move to suspend or scale down operations across various locations, it said on Thursday March 26.
"The company has taken the decision to scale down/suspend production to support the cause of containment of the Covid-19 pandemic, notwithstanding the exception to manufacturing units with continuous operation and the units producing essential commodities," it said.The announcement from JSW, whose capacity of 18...