25
Apr
14:03
NMDC targets 50mt iron ore production this fiscal
State-run iron ore miner NMDC aims to produce 50 million tonnes of iron ore in the current fiscal year ending 31 March 2024 (FY24), a company source tells Kallanish.
The target of 50mt will imply a growth of more than 21% on-year from the last fiscal-year's production. The iron ore company then aims to produce around 60mt in FY27.
NMDC’s production fell 2% on-year to 41.22mt in FY23 against 42.19mt produced a year earlier. Deliveries also dropped 6…
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Very good overview of the weekly steel market.
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