Latest News | Boosting Iron Ore Production to Meet Domestic Demand; No Plans for China Exports: NMDC

New Delhi, Jan 18 (PTI) State-owned NMDC on Thursday said it is scaling up iron ore production to meet the rising demand of the domestic steel industry and emphasised there are no plans to export iron ore to China.

The country's appetite for iron ore is on a historic high and NMDC is committed to cater to the demand from domestic steelmakers, it said in a statement.

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Amid reports that NMDC plans to export iron ore to China, the company said there is no such proposal.

"Even though iron ore export prices are showing an increasing trend, the net sales realisations in the domestic market are superior," it said.

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NMDC, under the Ministry of Steel, is the country's largest iron ore-producing company, catering to around 20 per cent of the domestic demand.

It has set a 100 MT iron ore production target by 2030.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)