Steel production in India hit due to iron ore export to China
Steel

Steel production in India hit due to iron ore export to China

The rise in steel iron ore exports, primarily to China, has hit steel production in India. While global steel costs have been high in the first four months of this year, producers are struggling to supply due to lack of raw materials.

In the first four months, iron ore exports from India rose by 66% to 22.42 mt. Around 90% of the export goes to China. China imported 20.28 million tonnes (mt) of iron ore from India in the first four months compared to 12.24 mt in the same period last year.

The cost of a hot-rolled coil (HRC) was raised to Rs 70,000 per tonne against Rs 45,000 at the same time last year. However, National Mineral Development Corporation (NMDC) iron ore value surged 156% to Rs 6,560 a tonne in April starting against Rs 2,560 a year back.

Due to the post-Covid-19 outbreak which led to economic disturbances, iron ore production dropped sharply by nearly 44 mt to 202 mt in FY 2020-21 against 246 mt in the previous year. However, the country's exports grew by 62% to 60 mt against 37 mt.

Industry sources said that the Indian companies are not able to clear their share of raw material from eastern India, especially Odisha due to large amounts of iron ore exports. The logistic congestion had recently disrupted the production of JSW Steel's Dolvi plant in Maharashtra.

Image Source


Also read: China ramps up attempts to control soaring prices of Iron ore

Also read: Falling demand to control soaring steel prices

The rise in steel iron ore exports, primarily to China, has hit steel production in India. While global steel costs have been high in the first four months of this year, producers are struggling to supply due to lack of raw materials. In the first four months, iron ore exports from India rose by 66% to 22.42 mt. Around 90% of the export goes to China. China imported 20.28 million tonnes (mt) of iron ore from India in the first four months compared to 12.24 mt in the same period last year. The cost of a hot-rolled coil (HRC) was raised to Rs 70,000 per tonne against Rs 45,000 at the same time last year. However, National Mineral Development Corporation (NMDC) iron ore value surged 156% to Rs 6,560 a tonne in April starting against Rs 2,560 a year back. Due to the post-Covid-19 outbreak which led to economic disturbances, iron ore production dropped sharply by nearly 44 mt to 202 mt in FY 2020-21 against 246 mt in the previous year. However, the country's exports grew by 62% to 60 mt against 37 mt. Industry sources said that the Indian companies are not able to clear their share of raw material from eastern India, especially Odisha due to large amounts of iron ore exports. The logistic congestion had recently disrupted the production of JSW Steel's Dolvi plant in Maharashtra. Image Source Also read: China ramps up attempts to control soaring prices of Iron ore Also read: Falling demand to control soaring steel prices

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?