India mines more iron ore than it needs

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India currently mines more iron ore than domestic industry requires to produce iron and steel. About 220 million tons got mined last year; only 75 million tons was needed within India. The rest 60 per cent was exported.

Iron ore need is set to rise from 75 million tons in 2008 to 400 million tons in 2030, which is double the iron ore currently mined. There is no difference between iron ore required in low carbon or business as usual scenarios. This is largely because of the low contribution of scrap for steel production in the country in both scenarios.

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