[SMM Iron & Steel] India's NMDC Iron Ore Output Surges 20% in May 2026 While Sales Decline

Published: Jun 4, 2026 14:43

Save

Indian state-run miner NMDC Limited reported a 19.9% year-on-year increase in iron ore production to 5.51 million metric tons (mt) in May 2026, while its monthly sales fell by 6.9% to 4.04 million mt. Cumulatively, for the April-May period of the current fiscal year, the company's total iron ore output amounted to 9.96 million mt, representing a 9.96% decline compared to the same period last year. The significant divergence between surging monthly production and contracting sales indicates a potential inventory buildup at the mines. This mismatch suggests that domestic downstream demand may be struggling to absorb the recent increase in supply, which could exert downward pressure on regional iron ore prices in the near term.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

7.22 Global Steel Daily

[Plate/HRC] Today HRC and other flat-product export prices were flat day on day, with HRC deal prices at 486-491 USD/tonne. Overseas markets still saw no clearpick-up in volume and remained largely wait-and-see; some domestic traders selling short were able to secure a certain amount of volume. [Billet] Today export billet FOB prices were steady, with Jiangyin quoted at 457-459 USD/tonne. It is understood that the current international situation is unstableand a partial strait blockade in the Middle East has weighed somewhat on steel exports, with most Middle-East buyers taking a wait-and-see stance pendinggreater clarity. Meanwhile domestic billet export offers held no clear competitive edge, making deals hard to close. [Rebar] Today Tianjin rebar export prices were steady, with deals at 479-484 USD/tonne. Market participants reported ordinary inquiries; some South-China millsquoted rebar exports on the high side at 510 USD/tonne FOB, but the high offers struggled to clear.

14 hours ago

[SMM Analysis]China-Indonesia Steel Price Spread Inverted, Overseas Demand Still Shows No Improvement

14 hours ago

MMi Daily Iron Ore Report (July 22)

Today, the DCE iron ore futures weakened today. The most-traded DCE i2609 contract closed at 739.5 yuan/mt, down 1.00%. The spot price at Qingdao Port fell around 4-8 yuan/mt from the previous trading day.

14 hours ago