India's small steelmakers are facing production cuts due to LNG shortages due to the Iran war. Triveni Iron and Steel Industries, the country's largest gas-consuming region, is facing a 50% production cut and possibly a halt if supplies don't improve within a week. Other producers are dealing with rising coal costs fuelled by geopolitical tensions, which have put pressure on margins. The impact of falling gas supplies has been exacerbated by sharp rises in imported coal prices. South African thermal coal prices at Indian ports have risen to a three-year high due to increased freight rates and Middle East tensions.