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home / news releases / SLX - Despite Pandemic's Impact On Production Indian Steel Exports Rise

SLX - Despite Pandemic's Impact On Production Indian Steel Exports Rise

VanEck Vectors Steel

Original Post

By Sohrab Darabshaw

India's steel production contracted since the arrival of COVID-19. However, exports surprisingly notched a new high in the April-July 2020 period.

Steels exports more than doubled in these months to hit their highest level in six years, reported news agency Reuters.

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Chinese demand soaks up India's exports

Much of the Indian steel exports headed to China, despite ongoing tensions between the two nations.

China's emergence as a new leading buyer of

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Stock Information
Company Name: VanEck Vectors Steel
Stock Symbol: SLX
Market: NYSE
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