Tata Steel update on Indian iron ore output

Dry Bulk Magazine reported that Tata, India’s largest private sector iron ore producer, meets the entire iron ore requirements for its two steel plants from captive mines. All four mines are in east India’s Odisha and Jharkhand states.

State controlled NMDC and Sail are the other two major Indian iron ore producers. NMDC increased iron ore production by around 4% to 35 million tonne in 2017 2018. Sail has not yet published its production figures for 2017 2018.

Tata is currently expanding the capacity of its steel operations in India. The 3 million tonne per year Kalinganagar steel plant in Odisha is being expanded to 8 million tonne per year of capacity. Tata also acquired the 5 million tonne per year Bhushan Steel this year. Its flagship Indian steel mill is the 9.6 million tonne per year Jamshedpur plant in Jharkhand.

TATA met 29% of its coking coal requirements through its captive mines but imported the rest of its requirements. The company imported 8.3 million tonne of coal in 2017 – 2018 from Australia, New Zealand, Canada and the US, but did not provide any further details or comparative figures.

Source: DRY BULK MAGAZINE