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.