Iron ore production in India is projected to have increased by around 2% y-o-y to reach 284 million tonnes (mnt) in calendar year 2024 (CY’24), as per provisional data available with BigMint. Iron ore production in CY’23 stood at 279 mnt. NMDC remained the top iron ore miner in the country in CY’24, although total production declined by 4%y-o-y to 44 mnt compared to 46 mnt in CY’23. This was mainly due to the employees’ agitation at NMDC in May 2024 and thereafter centering around wage revision which impacted operations. Integrated steel producer Tata Steel achieved a 6% growth in production, with output touching 38 mnt, while OMC clocked total production at 37 mnt, an impressive 16% higher y-o-y.
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