Archive · 13 Jan 2026
India's Iron Ore Imports Surge to Seven-Year High
India bought a lot more iron ore from other countries in 2025, reaching the highest amount in seven years.
This happened because the iron ore available in India isn't as good as what other countries like Brazil and Oman have.
Also, the price of iron ore from these countries was cheaper, making it a better deal for Indian steel companies.
One big company, JSW Steel, bought a lot of this imported iron ore.
Some people think this is because India doesn't have enough good quality iron ore, while others believe it's just because the prices are better.
The government is trying to fix this problem, but it's taking time.
Experts think that once new mines start working, the situation might get better.
India's iron ore imports reached a seven-year high of 12.2 million tonnes in 2025.
JSW Steel was the largest importer, accounting for nearly 80% of total imports.
Imports surged due to shortages of high-grade domestic ore and softer international prices.
Domestic iron ore production rose 4% to 295 million tonnes in 2025, but high-grade ore is scarce.
Government measures to boost iron ore supply and rein in prices have faced resistance and delays.
- Who
- Indian steelmakers, particularly JSW Steel
- What
- Imported 12.2 million tonnes of iron ore in 2025, a seven-year high
- When
- Calendar year 2025
- Where
- India, with imports from Brazil and Oman
- Why
- Due to shortages of high-grade domestic ore, softer international prices, and logistical challenges
Supply Shortage Perspective
Pricing Perspective
Reason for Increased Imports
Supply Shortage Perspective
The increase in iron ore imports is primarily due to a shortage of high-grade domestic ore, which is essential for steel production.
Pricing Perspective
The surge in imports is mainly driven by softer international prices, making it more economical for Indian steelmakers to import despite having domestic supplies.
- Iron Ore Imports in 2025
- 12.2 million tonnes
- Largest Importer
- JSW Steel
- Domestic Iron Ore Production in 2025
- 295 million tonnes
- Steel Production Capacity in 2025
- 163 million tonnes
- Iron Ore Price in Early 2025
- Below $100 per tonne
- Top Iron Ore-Producing States
- Odisha, Chhattisgarh, Karnataka, Jharkhand, Maharashtra
- Nomura's Top 'Buy' Recommendations
- Tata Steel, JSW Steel, Jindal Steel
- Expected Volume Growth for JSW Steel
- 14% year-on-year
