India’s iron ore production fell around 3% y-o-y in the January-September, 2022 period due largely to the sharp downtrend in output since June-July after the imposition of steep export tariffs on finished steel and steelmaking raw materials. SteelMint data shows that iron ore production in the first nine months of this calendar year dropped to around 181 million tonnes (mnt) from around 187 mnt in the year-ago period. India’s iron ore production fell marginally in September to 15.3 mnt from a little under 16 mnt in August, data reveals.
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