Tata Steel to begin production at Canadian iron ore project this year

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% stake, during the October-December quarter, targeting one million mt of iron ore output for the current financial year.

PTI said that production will be ramped up to more than three million mt in the financial year 2014-15.