India: NMDC’s iron ore output remains largely stable y-o-y in Apr’24

  • NMDC, India’s largest iron ore producer, recorded output at 3.48 mnt in Apr’24, largely stable y-o-y as against 3.51 mnt in Apr’23.
  • Iron ore sales went up marginally by 3% y-o-y to 3.53 mnt in Apr’24 as against 3.43 mnt in the year-ago period.
  • However, production volumes dropped m-o-m by 28% against 4.86 mnt in Mar’24.