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It is expected that the output of iron ore in India will increase sharply in the fiscal year 2021/22 (as of March 31, 2022). All mines located in Odisha State auctioned in 2020 have already started mining. In addition, India plans to hold a new round of iron ore auctions this fiscal year.

Title: India’s iron ore production will increase by 30%-35% in the 2021-22 fiscal year

Keyword: iron ore production，iron ore output

It is expected that the output of iron ore in India will increase sharply in the fiscal year 2021/22 (as of March 31, 2022). All mines located in Odisha State auctioned in 2020 have already started mining. In addition, India plans to hold a new round of iron ore auctions this fiscal year.

According to the annual report of the National Mining Development Corporation of India (NMDC), India’s iron ore output is expected to increase significantly by 30%-35% year-on-year to 245-255 million tons this fiscal year. The Odisha iron ore auctioned in January-February 2020 has restarted production. The mine allocated by AM/NS India in 2016 has already started mining. KIOCL, the Indian state-owned pellet producer, has obtained a license to start commercial mining in its only own mine. In addition, printed

The government will auction new iron ore mining leases in Jharkhand, Chhattisgarh, and Odisha this year. Miners and steel manufacturers have expressed interest in participating in the bidding because it expects India’s domestic steel production to increase. Raw materials are the key asset of any steel company, and these companies are interested in new mines. Due to the gradual elimination of the new steelmaking capacity planned by NMDC and Jingdler Southwest Steel Corporation and the gradual elimination of the operational bottlenecks of BPSL and AM/NS India, it is expected that India’s crude steel output will increase by 9%-17% year-on-year in this fiscal year.

However, the new wave of new crown pneumonia and public resistance to mining activities in Orissa and Chhattisgarh may cause iron ore mining to lag slightly this year. Last year, the outbreak of the epidemic, the monsoon season, and legal proceedings between new tenants, old tenants and the government suspended mining activities in India. In the 2020/21 fiscal year, India’s iron ore output decreased by 23% year-on-year to 189 million tons.

Content source: world metals