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Tata Steel provides update on Indian iron ore output

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Dry Bulk,

According to Argus Media, India's Tata Steel produced 22 million t of iron ore in the 2017 - 2018 fiscal year that ended 31 March, marginally higher than the 21.6 million t produced in 2016 - 2017.

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 t 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 tpy Kalinganagar steel plant in Odisha is being expanded to 8 million tpy of capacity. Tata also acquired the 5 million tpy Bhushan Steel this year. Its flagship Indian steel mill is the 9.6 million tpy 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 t of coal in 2017 - 2018 from Australia, New Zealand, Canada and the US, but did not provide any further details or comparative figures.

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