India’s iron ore production is expected to increase to 305-310 million tonnes (mnt) in FY’25 from around 280 mnt in FY’24, as per BigMint estimates. The projected growth rate of iron ore production is likely to be in the range of 9-11% y-o-y. Higher production of the key steelmaking mineral is essential to sustain India’s fast-paced growth in steel production and demand.
