Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
NMDC iron ore production rose 89% YoY in May 2025.
Total production was 4.6 million tonnes during the month.
Sharp demand from steelmakers pushing increased mining activities.
India's public sector mining giant NMDC Limited has posted an astonishing 89% growth in iron ore production in May 2025 over last year. The firm was able to produce 4.6 million tonnes of iron ore during the month, a sharp jump fueled by strong demand from domestic steel producers.
The enhanced output is during a period of increased consumption from the infrastructure and construction activities, in addition to a sustained increase in export orders. NMDC's ongoing initiatives to increase mining activities, streamline logistics, and upgrade machinery have helped to drive the output improvement.
Industry players point to the fact that with domestic steelmakers relying more on locally produced iron ore based on price competitiveness as well as policy favor, such players like NMDC stand to gain. The trend is set to prevail in the months ahead with rising infrastructure expenditures and mega projects funded by the government fuelling sharp demand for raw materials.
The steep increase in May's production also is consistent with India's overall approach of augmenting indigenous resource production and lessening the country's reliance on imports for crucial commodities such as iron ore.
Also Read : Steel Authority of India Share Price Rises 0.24% Global Steel Market Faces Downturn Amid Rising Protectionism
Copper futures marginally fell ₹1.45 to ₹704.80 per kilogram as participants cut their positions ami...
Non-Ferrous 09-Feb-2024
The Indian government has launched a new initiative to promote electric vehicles in the country. Aft...
Announcement 02-Apr-2024
The coal sector experienced a significant spike in overall coal output for the month of February 202...
Renewables 05-Mar-2024
Coal India and its subsidiary Western Coalfields (WCL) are planning to initiate green energy project...
Energy 29-Jan-2024
The US prefers bilateral discussions over WTO processes for resolving steel disputes with India. Po...
US 19-Apr-2025
India's steel trade deficit has increased to ₹4,284 crore in the first two months (April and May), a...
Ferrous 27-Jun-2024