Understanding Chinas role in the surge in steel prices in India

Post-lockdown, the demand for core materials like iron, steel, bricks, and concrete surged. However, limited steel production caused
a significant price hike

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Limited iron ore supply from major exporters (Australia, Brazil, Canada) due to post-pandemic restrictions, combined with high demand, led to a surge in iron ore prices

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1) Limiting Steel Manufacturing
2) Removing relaxation from VAT
3) Extra Importing of Steel from India
4) 2) Limited Export of Steel

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Post-lockdown, the demand for core materials like iron, steel, bricks, and concrete surged. However, limited steel production caused
a significant price hike

Increased Demand

#1

Limited iron ore supply from major exporters (Australia, Brazil, Canada) due to post-pandemic restrictions, combined with high demand, led to a surge in iron ore prices

Shortage of
Raw Materials

#2

1) Limiting Steel Manufacturing
2) Removing relaxation from VAT
3) Extra Importing of Steel from India
4) 2) Limited Export of Steel

Following decisions of China in steel manufacturing and supply played a
vital role in the price hike of steel

Role of China

#3

Watch:

Post-lockdown, the demand for core materials like iron, steel, bricks, and concrete surged. However, limited steel production causeda significant price hike

Increased Demand

#1

Limited iron ore supply from major exporters (Australia, Brazil, Canada) due to post-pandemic restrictions, combined with high demand, led to a surge in iron ore prices

Shortage of Raw Materials

#2

1) Limiting Steel Manufacturing2) Removing relaxation from VAT3) Extra Importing of Steel from India4) 2) Limited Export of Steel

Following decisions of China in steel manufacturing and supply played avital role in the price hike of steel

Role of China

#3

Watch:

Post-lockdown, the demand for core materials like iron, steel, bricks, and concrete surged. However, limited steel production caused
a significant price hike

Shortage of
Raw Materials

1) Limiting Steel Manufacturing
2) Removing relaxation from VAT
3) Extra Importing of Steel from India
4) 2) Limited Export of Steel

Following decisions of China in steel manufacturing and supply played a
vital role in the price hike of steel