Steel coils are seen at the Jindal Stainless facility (file photo)
| Photo Credit:
REUTERS/PRIYANSHU SINGH

Jindal Stainless said on Friday there ​may be some delays in steel shipments ‌to West Asia in the ​near term due to ⁠the conflict in the region.

The country’s biggest stainless steel producer said the West Asia accounted for ‌a small share of its export market but that the company ‌remained committed to serving the ‌region.

“Given ⁠the escalating conditions, there may ⁠be some delays in shipment arrivals in the near term, due to extended transit timelines across certain ​international shipping routes ‌and air spaces,” Abhyuday Jindal, managing director of Jindal Stainless, told Reuters.

He said it was premature to comment on ‌any kind of surcharges.

The company was closely ​monitoring the evolving geopolitical situation and was prepared to ensure minimal ⁠disruption to its supply chain and operations, Jindal said.

“One focus area currently is ‌the availability of certain industrial gases and raw materials, such as limestone and dolomite, sourced from the (West Asia),” Jindal added, saying that while the company maintained adequate inventory levels, they were prepared to ‌tap other sourcing options to prevent any impact ​on production.

Some steel companies are also bracing to pay higher ⁠prices for gas.

Reuters reported on Thursday that ⁠Adani Total Gas has sharply raised prices for supplies to industrial clients, ‌citing lower availability of gas due to the conflict in the Middle East.

Published on March 6, 2026



Source link

YouTube
Instagram
WhatsApp