[SMM Iron & Steel] India’s Iron Ore Exports Fall by 15% in FY 2025-26

Published: Apr 13, 2026 14:05

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India recorded a 15% year-on-year decline in its exports of iron ore and pellets during the 2025-26 fiscal year, dropping to 25.78 million tons. This reduction was primarily caused by a decline in global iron ore prices, increased discounts on lower-grade fine ore in the seaborne market, and weaker demand from overseas steel producers. Concurrently, domestic absorption of raw materials increased significantly as India's crude steel production grew by 11%, leading to higher local sales prices for iron ore.

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