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Indian iron & steel performance: H1 FY20

In H1 FY20, Indian steel industry observed decline in domestic prices owing to weaker domestic demand, liquidity issues and fall in automotive sales etc. This resulted in sharp increase in steel export volumes from India. Below are the product-wise performance snapshots:
Iron Ore & Pellets - Indian domestic iron ore & pellet prices fell in H1 FY20 due to weak semi-finished steel prices - Indian iron ore exports surged to 10.6 MnT on increased exports from Odisha - Odisha govt has scheduled auction of iron ore mining leases expiring in 2020 in Nov’19 - Iron ore import volumes to India fell

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