India’s grade-wise iron ore production

Iron ore production seen a consistent increase in total production each year with a significant jump between FY21 and FY22.The total production shows a 10% change in FY21,a 25% change in FY22, 1% change in FY23, and a projected 8% change in FY24.In FY 24 the supply of iron ore above Fe65% shrunk by 20% y-o-y to 32 mnt. The supply of Fe62 65% iron ore increased markedly but only after a period of sharp decline over the last few fiscals.