According to the Indian government's Press Information Bureau, Indian Minister of Steel Shri Beni Prasad Verma has said that the
production of
iron ore in the country has exceeded domestic requirements during the last three years.
The minister stated that the preliminary
iron ore production output for the financial year 2012-13 amounted to 136.02 million mt, while domestic steel producers' requirements for the given year were estimated at 103.4 million mt.
According to
India's 12th Five Year Plan, domestic
iron ore requirements for the financial year 2013-14 total 149.43 million mt.