India-based steelmaker Tata Steel is planning to begin production from one of its iron ore projects in Canada by the end of the current year, according to India's news agency Press Trust of India (PTI). This is expected to improve raw material supplies to the company's European operations.
Accordingly, Tata Steel expects to start production from its Canada-based direct shipping ore project, in which it holds an 80 percent stake, during the October-December quarter, targeting 1 million mt of iron ore output for the current financial year.
PTI said that production will be ramped up to more than 3 million mt in the financial year 2014-15.