【SMM Steel】Molten steel accident at Visakhapatnam Steel Plant kills 8 workers

Published: Jun 9, 2026 17:36
【SMM Steel】A ladle carrying molten steel exploded on June 8 at RINL's Visakhapatnam Steel Plant in Andhra Pradesh, killing 8 workers and injuring 6 others. PM Modi announced ex-gratia of 2400 USD per deceased and 600 USD per injured. Steel Minister Kumaraswamy announced 30000 USD per deceased and 12000 USD per injured, plus housing until retirement age and permanent jobs for eligible family members. A three-member expert committee has been formed to investigate the accident. Former CM Jagan linked the tragedy to massive workforce reductions: about 6500 contract workers laid off and 3000 voluntary retirements in recent years, arguing that staff cuts are eroding safety systems.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn