Steel demand decreased during Corona outbreak: In 2020, India’s steel consumption was 88.5 million tonne (MT) which is 12% less than 2019 (100 MT). It is due to the impact of the coronavirus pandemic, closely connected with economic growth. Steel dependent industries like Automobile, Construction, Machinery are affected majorly during the crisis which leads to a reduction of the steel demand in India. Steel demand grows post-lockdown 2020: After the…