Coronavirus strangles India’s bulk commodities growth Report

Insight 03 April 2020

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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India is under a three-week lockdown from 25 March 2020 to contain the spread of the coronavirus outbreak. Non-essential travel is banned, and people are confined to their homes. Businesses are shut, and the supply chain is disrupted. Industries are either closed or operating at sub-optimal utilisation. In this insight, we try to gauge the impact of supply chain disruption, limited workforce availability and a slowing demand on the steel, iron ore and coal sectors in India.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

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            Executive summary
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        Steel industry face challenges from supply chain disruptions, limited workforce and low demand
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        Iron ore mining and agglomeration, both slows down
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        Imported metallurgical coal to decline as limited domestic supply continues
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        Thermal coal demand faces pressure from both power and non-power as industrial production comes to a halt
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        <li class="list__item push-quarter--bottom">India's iron and steel production slows down</li><li class="list__item push-quarter--bottom">Extended lockdown to hit sponge iron harder</li><li class="list__item push-quarter--bottom">Iron ore demand and met coal imports to decline strongly</li><li class="list__item push-quarter--bottom">25-30% reduction in power generation during the lockdown</li><li class="list__item push-quarter--bottom">Sharper decline in thermal coal imports as production remains strong</li>
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<p class="font-regular" >Coronavirus strangles India’s bulk commodities growth</p>
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