India’s captive and merchant miners’ share is expected to increase in FY22

India’s captive and merchant miners’ share is expected to increase in FY22(E). In FY20, the share of India’s captive iron ore miners were at 77 mn t, whereas the merchant production was reported around 168 mn t. In FY21, production from captive miners increased to 86 mn t, whereas the share of merchant miners decreased to 118 mn t.

Now, as per new estimates by SteelMint, production of captive miners is expected to increase to 92 mn t in FY’22, while production of merchant miners is expected to increase to 128 mn t.