Global iron ore exports by the major supplying countries edged up slightly in January-September 2025 (9MCY’25) despite the downtrend in world steel production. Global iron ore exports increased by just 0.25% y-o-y to 1,210 million tonnes (mnt) during the period, as per latest BigMint data. Global crude steel production in 9MCY’25 declined marginally by 1.6% y-o-y to 1,373 mnt. However, iron ore exports did not decline due to relatively stable sourcing by China which has a share of roughly 75% in global seaborne trade in the commodity.
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