RINL shuts down two blast furnaces at Visakhapatnam plant
2020-04-30 10:37:44 [Print]
State-run steel maker Rashtriya Ispat Nigam Limited (RINL) has shut down two blast furnaces at its Visakhapatnam plant, as a result of which the daily production level has come down to 6,000 tonnes, a source said.
After shutting down the first blast furnace last month, the company has shut down the second blast furnaces reducing its production further to 6,000 tonnes, a source said.
There is a lack of demand in the market and given the scenario it is imperative to scale down the production, the source said.
RINL, which has an installed capacity of over 7.5 million tonnes per annum (MTPA), produced about 18,000 tonnes of hot metal on a daily basis. There are three blast furnaces of 2.5 MTPA each at the plant.
After shutting down the first blast furnace last month, the company has shut down the second blast furnaces reducing its production further to 6,000 tonnes, a source said.
There is a lack of demand in the market and given the scenario it is imperative to scale down the production, the source said.
RINL, which has an installed capacity of over 7.5 million tonnes per annum (MTPA), produced about 18,000 tonnes of hot metal on a daily basis. There are three blast furnaces of 2.5 MTPA each at the plant.
