MYSTEEL: Global iron ore 2026 output to hit record high, Africa the new focus

Global iron ore supply is expected to increase to a record high of nearly 2.68 billion tonnes in 2026, supported by the newly commissioned Simandou project in West Africa and continued capacity expansions at mines in Australia and Brazil, according to Mysteel's latest forecast.

Total iron ore output worldwide this year is estimated at 2.61 billion tonnes, higher by 32.98 million tonnes from 2024, according to Mysteel's tracking of global iron ore mine production. Despite the increase, the total would be lower than expected, primarily because operations at the world's top iron ore producer,