India iron ore imports to hit seven-year high in 2026
India expects iron ore imports to double this fiscal year to 14 million tons. Strong JSW Steel demand and a lack of high-grade domestic ore drive the surge.
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India is projected to see iron ore imports reach a seven-year peak during the fiscal year ending March 31, 2026. This surge is primarily attributed to a domestic scarcity of high-grade ore and robust demand from major industrial players like JSW Steel Limited. Analysts estimate that total imports will reach between 12 million and 14 million metric tons, effectively doubling the volume recorded in the previous year.
