India’s iron ore and pellet exports increased by 39.6% m-o-m to around 2.29 million tonnes (mnt) in April 2026, as per BigMint data, against 1.64 mnt in March. The total included 2.14 mnt of iron ore and 0.15 mnt of pellets. The sharp increase was driven by stronger Chinese bookings, improved vessel availability, and execution of previously delayed cargoes following easing freight disruptions. March volumes had also remained relatively weak due to Lunar New Year-related slowdown in Chinese buying activity, amplifying April’s m-o-m increase. However, while iron ore exports recovered strongly, pellet shipments continued to remain subdued amid weak deal closures, persistent pricing gaps, and cautious buyer sentiment.
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