7 months ago
From The Hindu Archives, May 23, 1974: Steel mills produce less, yet stocks pile up
The HinduNew Delhi, May 22: Nearly 3.10 lakh tonnes of finished steel and one lakh tonnes of pig iron have accumulated with the five integrated steel plants since the commencement of the railway strike. This accumulation has taken place in spite of the steel plants operating at very much less than their normal production levels to conserve coal. The railways, despite their best efforts, could not move more than one lakh tonnes of finished steel and pig iron since the commencement of the strike. The railways claim that they are maintaining a daily movement of about 25,000 tonnes of coal to the steel plants against their normal requirement of 36,000 tonnes.
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