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India increased its iron ore production by 4.3% year-on-year to 289 million tons in the fiscal year 2024/2025 (ending in April 2025). This is evidenced by preliminary data from the country’s Ministry of Mining, SteelOrbis reports.
This figure is a historic high, surpassing the previous record set in FY2023/2024 (277 million tons).
According to the ministry, iron ore production reached a record annual high due to a combination of increased demand, policy stability and improved operational capacity in the sector.
Significant year-on-year growth was also demonstrated by the production of key minerals such as manganese ore (+11.8 y/y) and bauxite (2.9 y/y), as well as non-ferrous metals (copper and aluminum).
As a reminder, the Indian steel company Tata Steel will spend approximately $1.18 billion on its Noamundi, Joda and Katamati iron ore mines to increase its total annual production to 55 million tons from the current 40 million tons. In this way, the steelmaker is preparing to respond to global challenges in the steel sector and strengthening its own raw material base.
As GMK Center reported earlier, India aims to increase its steel production capacity to 500 million tons per year by 2047 and its export potential to 25 million tons. Prime Minister Narendra Modi urged steelmakers to strive for zero steel imports and net exports.
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