New Delhi, Sept. 9 -- Union Minister of Commerce and Industry Piyush Goyal has said the government is actively engaging with the steel and allied industries to explore ways to increase iron ore production and ensure competitive prices for domestic consumption.

"We have assessed several areas to increase iron ore production significantly. Increase the export of iron ore and steel with larger volumes of iron ore....being available for domestic consumption at competitive prices," Goyal said on the sideline of the 6th edition of the ISA Steel Conclave, responding to a query on the possibility of reduction in iron ore prices in India.

Asked about a specific production target for iron ore, the minister noted that the government is in the proc...