Decoding India's iron ore demand-supply balance for FY'27

Source: BigMint Aug 12, 2026 10:00

Iron ore supply growth to be marginally higher than demand. NMDC to hit 60 mnt production; over 60% merchant share in total output. Iron ore imports may hit 15 mnt in FY'27 on rising high-grade demand

Iron ore availability, both in terms of volume and quality, has become a key issue in the Indian steel industry with the rapid expansion of crude steelmaking capacity. Government data shows that while crude steel capacity increased by 55% during the period between FY'20 and FY'26, iron ore production

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Mysteel Iron Ore Index

Aug 12, 2026 19:36
Iron ore concentrates procurement prices: China's major mills

Aug 12, 2026 18:57
Imported iron ore prices: China's major cities

Aug 12, 2026 18:14
Iron ore portside prices: Jingtang port

Aug 12, 2026 18:10
Iron ore portside prices: Caofeidian port

Aug 12, 2026 18:04

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