Country Report
India iron ore supply summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Mining practices notably changed since the Mines and Minerals (Development and Regulation) Amendment Act (MMDR Act) introduced a transparent auction-based system for mine allocation in 2015, replacing the first-come-first-served system. By FY 2023, captive miners surged ahead, contributing over 50% of the nation’s iron ore production, illustrating a fundamental shift in mining practices influenced by legislative changes. The latest India iron ore supply summary examines iron ore production from 11 key mines in India where we seek to answer the question – how does India's industry structure change in response to the auction process? We also discuss whether India will sustain its domestic production over the long term overcoming environmental, forestry, evacuation, and land acquisition challenges.
Table of contents
- Iron ore pellets
- Impact on costs and industry structure
- Merchant miners
- Captive miners
- Indian exports
- Indian imports
Tables and charts
This report includes 25 images and tables including:
- Majority of 77.3 Mt capacity located in the east
- Top five pellet producers constitute 52% capacity
- Captive production to increase after auctions
- especially in top 11 producers
- Auctions across key states (cumulative up to 2024)
- High bid premiums witnessed in auctions
- Iron ore production of 11 key iron ore miners in India
- Iron ore production of 11 key iron ore miners by mine status
- NMDC’s production by mine
- OMC's production by mine
- Rungta's production by mine
- Essel Mining’s production by mine
- SAIL’s production by mine
- Tata Steel’s production by mine
- JSW Steel’s production by mine
- India’s lumps production over the years by grade
- India’s fines production over the years by grade
- State-wise iron ore reserves in India (2022)
- Reserves for key companies, as of 1 Apr 2024 (Mt)
- India’s vast rail network supports iron ore movement
- % iron ore handled by rail increasing
- Improvement in exports increased average distance
- Slurry pipelines are attracting strong interest
- Exports dwindled after the pandemic
- Arbitrage opportunities led to some imports
What's included
This report contains:
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