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Iron ore output to reach 210 million this fiscal: Indian Bureau of Mines

Higher production may see further price correction of the ore

Topics
Iron Ore

Dillip Satapathy  |  Bhubaneswar 

Indian Bureau of Mines (IBM) has estimated the iron ore production in the country in the current fiscal at about 210 million tonne, 9 per cent more than the previous fiscal. Last year, the country had produced 192 million tonne of iron ore.

The projection of higher production has come as a relief to the steel industry which was feeling jittery over disruption in mining operations in Odisha and Goa during the year and its subsequent impact on the iron ore prices. Odisha, which produced 102 million tonne iron ore, 53 per cent of the country's total iron ore output of 192 million ...

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First Published: Fri, March 16 2018. 00:07 IST
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