India's Iron Ore Production Rises 3% in Apr-Nov
By Rediff Money Desk, New Delhi Jan 01, 2025 20:03
India's iron ore production increased by 3% to 182.6 million tonnes in April-November, driven by robust demand from the steel industry. Manganese, chromite, and bauxite production also saw growth.
New Delhi, Jan 1 (PTI) The country's iron ore production rose by 3 per cent to 182.6 million tonnes (MT) in the April-November period of the current fiscal.
India's iron ore output was 177.2 MT in the year-ago period, according to the provisional data.
The mines ministry in a statement said that the country's manganese ore output rose by 9.5 per cent to 2.3 MT in April- November period over 2.1 MT during the corresponding period of the previous fiscal year.
Production of chromite rose to 2 MT over 1.8 MT in the year-ago period. The production of bauxite also rose by 8.9 per cent to 15.9 MT in April- November period over 14.6 MT in the corresponding month of the previous fiscal.
"In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April-November) posted a growth of 1.1 per cent over the corresponding period last year, increasing to 27.91 lakh tonnes (LT) in FY 2024-25 (April-November) from 27.60 LT in FY 2023-24 (April-November)," the mines ministry said.
India is the second-largest aluminium producer and the fourth-largest iron ore producer in the world.
Continued growth in the production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel.
Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.
India's iron ore output was 177.2 MT in the year-ago period, according to the provisional data.
The mines ministry in a statement said that the country's manganese ore output rose by 9.5 per cent to 2.3 MT in April- November period over 2.1 MT during the corresponding period of the previous fiscal year.
Production of chromite rose to 2 MT over 1.8 MT in the year-ago period. The production of bauxite also rose by 8.9 per cent to 15.9 MT in April- November period over 14.6 MT in the corresponding month of the previous fiscal.
"In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April-November) posted a growth of 1.1 per cent over the corresponding period last year, increasing to 27.91 lakh tonnes (LT) in FY 2024-25 (April-November) from 27.60 LT in FY 2023-24 (April-November)," the mines ministry said.
India is the second-largest aluminium producer and the fourth-largest iron ore producer in the world.
Continued growth in the production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel.
Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.
Source: PTI
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