The country’s total production reached 249 mnt in 2022, as per available data, slightly higher than 246 mnt recorded in 2021. Production in the January-October period last year had declined by 3% y-o-y. However, output in the last quarter rose to over 64 mnt compared with 59.4 mnt in the year-ago period – an increase of 8.5% y-o-y. So, iron ore production increased y-o-y despite volumes dropping sharply by 13% on the year in the July-September period.
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