India's January-October iron ore imports at six-year high, JSW Steel top buyer

India's iron ore imports reached a six-year high, exceeding 10 million metric tons from January to October 2025, driven by steel mills like JSW Steel seeking high-grade ore and benefiting from lower global prices. Despite increased imports, domestic production concerns persist due to delays in mine production and weather impacts. Brazil, Oman, and Australia are key suppliers, with Vale preparing to meet India's rising demand. Imports may continue to rise if domestic production doesn't improve, as India aims to double steel production by the decade's end.