India's iron ore production rises 4 pc in Apr-Oct
India's iron ore production witnessed a 4% rise during the April-October period of FY24, reaching approximately 158 million tonnes compared to 152 million tonnes in the same period last year. This increase highlights the sector's steady recovery amidst fluctuating global demand and domestic industrial growth. Iron ore, a critical raw material for steelmaking, forms the backbone of India's industrial sectors, including construction, manufacturing, and infrastructure development. The production growth aligns with increased domestic demand, driven by government-led infrastructure projects under the National Infrastructure Pipeline (NIP) and the push for urbanization. Additionally, private sector investments in steel production have amplified the demand for iron ore, contributing to the production boost. State-wise, Odisha, India’s largest iron ore-producing state, maintained its dominance, contributing nearly 50% of the total output. Other key states, including Chhattisgar...