India’s iron ore production to rise 8% y-o-y in FY’27

India’s iron ore production is projected to rise to 340-345 million tonnes (mnt) in FY’27 from around 316 mnt in FY’26, indicating growth of 8% y-o-y, according to BigMint data. However, supply expansion is expected to exceed incremental demand from the steel sector, with additional volumes unlikely to be fully absorbed domestically.