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

31 May 2021 CW Team

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

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..