According to data released by the Ministry of iron and steel of India, iron ore production in India reached two point four six five Billion tons, compared with that of last fiscal year two point zero seven Billion tons increased by 19%, surpassing that in FY2010 two point one nine Billion tons, a record high.

According to the data, in the first quarter of 2020, India's iron ore production was seven thousand and fifteen point seven Million tons (up 24% year-on-year), of which 23.34 million tons (up 27% year-on-year) were produced in March. Since the beginning of this year, India's iron ore production has maintained a high growth. The output in January was 22.87 million tons, while that in February was 22.87 million tons two thousand three hundred and ninety-four point seven Million tons.

In terms of export, in fy19f, India's iron ore export volume is three thousand six hundred and forty-two point eight 10000 tons, up 125% year on year. Among them, the export volume of powder ore is two thousand two hundred and thirty-three point two 10000 tons, a year-on-year increase of 275%, accounting for 61% of the total export volume; pellet export volume is one thousand two hundred and fifty-three point four Million tons, a year-on-year increase of 33%, accounting for 34% of the total export volume.

In fy2019, India's main iron ore export destination is China, with export volume increasing by 154% year on year, reaching three thousand and eighty-one point nine Million tons, up from 75% of India's total exports in the previous fiscal year 84.6% The second largest export destination is Japan, with a year-on-year increase of 69%, reaching one thousand two hundred and eighty-three point nine one Million tons, accounting for the proportion of India's total exports 5.4% 。

In the first quarter of this year, Indian iron ore exports were one thousand and twenty-four point eight 10000 tons, up 105% year on year. Among them, the export volume in March is three hundred and seventy-two point eight The export volume in February was 2.56 million tons and that in January was 3.96 million tons.

In fy2019, India's iron ore imports decreased by 90% year-on-year, from 12.8 million tons in the previous fiscal year to 1.24 million tons, mainly from South Africa, Brazil, Australia and Canada, accounting for 44%, 24%, 14% and 10% respectively.

The data also show that in fy2019, Indian steel producers produced 95.66 million tons of pellets (a year-on-year increase 18.75% )Of which, 12.46 million tons were exported (up 33% year-on-year), mainly due to the decrease of domestic demand in India and the increase of demand in China. In March this year, the pellet mineral output and export volume of Indian iron and steel production enterprises declined, with the output of 9.3 million tons, a year-on-year decrease of 13%; the export volume was 850000 tons, a year-on-year decrease 8.5% 。

The novel coronavirus pneumonia epidemic has been affected by domestic demand and blockade since the outbreak of India. The production and sale of iron ore and prices in India have been affected.

On May 12, NMDC, India's largest iron ore producer, announced that it would reduce the sales price of block ore in May( 65.5% Grade) to INR 2250 / ton (approx twenty-nine point eight US $/ T), powder ore (64% grade) price to 1960 rupees / ton (about US $26 / ton), which is 400 rupees / ton lower than the price in April Five point three USD / T), decrease by cent They are 15% and 17% respectively; they are 850 rupees / ton lower than the same period last year eleven point three USD / ton) and 900 rupees / ton eleven point nine USD / T), down 27% and 46% respectively. This is the third consecutive month since the beginning of this year for NMDC to reduce iron ore prices, a new low in nearly three years, reflecting the very weak domestic iron ore demand in India. NMDC said the reduced price did not include royalties, the regional mineral Fund (DMF), the national mineral exploration trust (NMET), taxes, forest cutting permits and other taxes.

NMDC produced 31.88 million tons of iron ore in fy2019, down from 32.36 million tons in the previous fiscal year 1.5% ; sales volume was 31.53 million tons, down from 32.36 million tons in the previous fiscal year 2.6% 。 In April this year, the output of NMDC iron ore was 1.8 million tons, a year-on-year decrease of 1.1 million tons 37.9% Sales volume of iron ore is 1.38 million tons, a year-on-year decrease of 1.32 million tons 48.9% 。

Although both domestic production and sales are down, India's iron ore export proportion is expected to increase in the later period. In fy2019, India's iron ore export accounts for 15% of its output, which has a large room for improvement. According to the Ministry of Commerce and industry, in March this year, India's iron ore exports were two point four four Billion US dollars, year-on-year growth 58.4% In March, it was the only one of India's export commodities that achieved positive growth in export volume, and the export volume of more than 30 other commodities, including rice and tea, was negative year-on-year.