India’s iron ore imports surged 2.6 times year-on-year in April 2026, driven by strong domestic steel demand and shortages of high-grade ore required by major steel producers.
According to market data, imports of iron ore and pellets rose sharply during the month despite increased domestic production, highlighting growing dependence on overseas supplies by Indian steelmakers seeking better-quality raw materials.
Industry analysts said rising steel production and capacity expansion by large producers, including integrated steel plants, continued to boost import demand. India’s crude steel output rose 5.8 per cent year-on-year in April to 14.09 million tonnes, supported by infrastructure, manufacturing, and construction activity.
Imports are increasingly sourced from Brazil and Oman, particularly for high-grade ore used in pellet production and premium steel manufacturing. Market estimates indicate India’s iron ore imports could reach a seven-year high of 12–14 million tonnes during FY2025–26 as domestic miners struggle to fully meet quality requirements.
Steel sector executives noted that logistical disruptions, intermittent mining constraints, and changing ore quality availability in key mining regions have also contributed to higher imports. Meanwhile, Indian steelmakers continue expanding production capacity to meet rising domestic demand and export opportunities.
Despite the surge in imports, India remains one of the world’s major iron ore producers and exporters. However, exports have moderated in recent months as domestic consumption by steel mills increased and global trade conditions remained volatile.
