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pelletisation - metal bulletin 500 million tons quality iron ore ( +63% fe) about 2.5 tons rom iron ore ( or) 1.6 to 2.0 tons of processed iron ore is required for per ton of steel production. to meet this projected steel production of 300 million tons, the rom iron ore requirement will be in the order of over 750 million tons per annum. iron ore industry scenario. 8