A report from analytics company GlobalData says that iron ore exports from India are expected to decline by around 25% to 23.3 Mt in 2020, due to the coronavirus (Covid-19) outbreak and the subsequent closure of ports, shortage of workers and transport restrictions.

The country’s iron ore output in full year 2020 is expected to fall to 205.7 Mt, a 12.5% decline compared with 2019 (234.9 Mt). However, despite a decline in 2020, the production of iron ore in India is expected to grow over the forecast period (2020–2024) at a compound annual growth rate (CAGR) of 7.2% to reach 271.2 Mt in 2024, following a resumption of operations, GlobalData said. Iron ore exports could then grow at a CAGR of 4.2% to reach 27.5 Mt in 2024, supported by improving demand from China.

This story uses material from GlobalData, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.