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


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


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



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