India, the world's fourth-largest iron ore producer, increased its production by 4.1% to 158.4 million tons in the first seven months of the 2024-25 fiscal year. Production in the same period the previous year was at 152.1 million tons.
The continued growth in iron ore output reflects the strong demand in user industries, driven by expanding activities in energy, infrastructure, construction, automotive, and machinery sectors. Robust economic activity in these industries has sustained the upward trend in raw material production.
The rise in iron ore production aligns with growth observed in other key materials like aluminum and copper, further underscoring the resilience of India's industrial and manufacturing sectors. These trends suggest positive momentum in sectors critical to the nation’s economic development.
India's iron ore demand is expected to rise in the coming years due to the increase in steel production. The country's iron ore production is estimated to reach 405 million tons in FY2024-25, supported by new mines.
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