Tag: Global iron ore production set to rise 2% y-o-y in 2024

Production of iron ore globally is expected to edge up by around 2% y-o-y to 2.54 billion tonnes (bnt) in CY’24 from a level of 2.49 bnt in CY’23, as per data accessed by BigMint. In CY’24, global steel demand is likely to rise by 1.9% y-o-y to 1,849 mnt, as per WSA projection. The…