Almost every industry is affected by Covid-19 since its outbreak, especially for the steel industry. Domestic steel demand and industry of India has been rebounded from last Nov and this situation has been lasted till the beginning of March this year and has been changed at the last week of March due to outbreak of Covid-19.
The measures have been taken by each nation to combat the virus. The domestic deadlock of India has impeded the operation and development of its steel industry and decreased its domestic demand. Even under the pressure of the outbreak of capital chain, labor shortage, and logistic limits, it’s been harder for SMEs to revive.
Export has been the concern for most industries to minimize the losses caused by domestic sales contraction. Finally, they found export cannot work well either since demand from all countries has decreased more or less. However, the iron ore export is an exception and the data below is to explain such a situation.

Note: million tons
The iron ore output of 1st quarter increased by 24% compared with the same period of last year and the export increased by 105% YoY.

It is reported the output of NMDC (the No.1 iron ore producer of India) is 1.8 million tons in April, contracted by 37.9% compared with April of 2019 and the sales also decreased by 48.9% to 1.38 million tons.
Both the output and sales have dropped while the expectation of iron ore export is still bright. It is reported that the sales revenue increased by 58.4% YoY to 244 billion dollars in Mar which is the only exporting item with positive growth.