Tag: India’s iron ore consumption expected to hit 255-260 mnt by FY25: SteelMint analysis

India’s iron ore consumption is slated to increase to 255-260 million tonnes (mnt) by financial year 2024-25 (FY25), as per a SteelMint forecast. In FY2019-20 (FY20), iron ore consumption was at around 185-190 mnt. This indicates that the jump in FY25 compared to FY20 would be over 35%. India’s iron ore consumption has been steadily…