Domestic iron ore consumption at 111.4 mt in FY11

The consumption of iron ore by the domestic industries
during 2010-11 was estimated at 111.4 million tons (mt), whereas the total
production of iron ore in the country during 2010-11 was estimated as 208.11
mt, as per the latest steel ministry data.

NMDC supplied 23.75 mt of iron ore during 2010-11 to
domestic industries, which constitutes about 21% of estimated consumption of
iron ore by the domestic industries. The remaining requirement of iron ore by
the domestic industry was either sourced from captive iron ore mines or was
supplied by other iron ore producers, the data showed.

NMDC produced 25.15 mt of iron ore during 2010-11, which is
about 12% of the total estimated iron ore production of 208.11 mt in the
country, the data showed.

Source: ISMW


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