India – Top 10 Iron Ore-Producing Country In The World
India is the fourth largest producer of iron ore, which produced 290 million MT of useable iron ore in 2022 with iron content of 180 million MT. India produced more useable iron ore in 2022 than in 2021, reaching 290 million MT from 273 million MT the year before. It produced 180 million MT of iron content, up from 168 million MT previously.
- The biggest iron ore miner in India, NMDC, became the first in the country to reach a production milestone in 2021 when it reached 40 million MT annually.
- By 2023, NMDC hopes to reach a 50 million MT annual production rate; by 2030, it hopes to reach 100 million MT.
- The largest producer of iron ore, the state of Odisha, is predicted to produce 155–160 million tonnes of raw material in the 2023–2024 fiscal year, up from 140 million tonnes in the year prior.
- From 38 million tons in the 2022–2023 fiscal year, the state of Karnataka can raise its production of iron ore to 40–45 million tons in the present fiscal year.
- There will be more profits in the region because the country’s Supreme Court relaxed sales rules and removed export limitations. A hybrid mechanism that combines direct sales and auctions is being used by many market participants.
Information | Details |
---|---|
Rank | 4th globally |
Production (2023) | 290 million tonnes (usable iron ore) |
Iron Content | 180 million tonnes |
Major Companies | SAIL (Steel Authority of India Limited), NMDC (National Mineral Development Corporation), RINL (Rashtriya Ispat Nigam Limited), Tata Steel, JSW Steel |
Export Share | Significant exporter of iron ore |
Leading States | Odisha, Chhattisgarh, Jharkhand, Karnataka |
Economic Impact | Contributes to GDP, job creation, and foreign exchange earnings |
Environmental Impact | Mining activities raise concerns about deforestation, land degradation, and air and water pollution |
Sustainability Efforts | Increasing focus on responsible mining, reclamation, afforestation, and community development initiatives |
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List of Top 10 Iron Ore-Producing Countries in the World
List of Top 10 Iron Ore-Producing Countries in the World: The Top 10 Iron Ore-Producing Countries in the World are Australia, Brazil, China, India, Russia, Ukraine, South Africa, Iran, Kazakhstan, and Canada. The largest iron ore-producing country is Australia, which produced 880 million Metric Tonnes (MT) of useable iron ore in 2022, followed by Brazil and China as the second and third-highest iron ore-producing countries with 410 million MT and 380 million MT of useable iron ore.
In this article, we will look into the list of the top 10 iron-producing countries of the world along with their contribution to the global iron-ore output.
Table of Content
- Top 10 Iron Ore Producing Countries In 2024
- List Of Top 10 Iron Ore-Producing Countries In 2024
- Australia – Top 10 Iron Ore-Producing Country In the World
- Brazil – Top 10 Iron Ore-Producing Country In the World
- China – Top 10 Iron Ore-Producing Country In The World
- India – Top 10 Iron Ore-Producing Country In The World
- Russia – Top 10 Iron Ore-Producing Country In The World
- Ukraine – Top 10 Iron Ore-Producing Country In The World
- South Africa – Top 10 Iron Ore-Producing Country In The World
- Iran – Top 10 Iron Ore-Producing Country In The World
- Kazakhstan – Top 10 Iron Ore-Producing Country In The World
- Canada – Top 10 Iron Ore-Producing Country In The World