Indian Iron Pellet exports stood at 1.5 MnT during financial year 2013-2014, according to provisional data collected by SteelMint from 12 major ports namely Haldia, Paradip, Vizag, Gangavaram, Dhamra, Mangalore, Redi, Mundra, Krishnapatnam, Mormugao, Kakinada and Ennore. 32 shipments were made during the year, mostly to China.
Iron Pellet exports from India picked up during last fiscal owing to weakening domestic prices, depreciated INR against USD and reasonably high prices in China spot Iron ore market. Large chunk of deals were concluded in Q3 FY14 when INR weakened to 62-63 against USD.
Pellet manufacturers positioned in the eastern region of India, having an advantage of being port based, explored export possibilities when domestic Pellet prices touched all time low at INR 6,100/MT (Ex Barbil) in July 2013. Deals were won and Pellet exports were seen happening to China, Oman, Saudi Arabia and Vietnam.
|
Shipper wise & Port wise Iron Pellet Export from India in FY14 |
||||||
|
Company |
Paradip |
Gangavaram |
Vizag |
Haldia |
Mangalore* |
Grand Total |
|
Jindal Steel & Power |
210,303 |
402,000 |
– |
– |
– |
612,303 |
|
Essar Steel |
182,840 |
– |
146,440 |
– |
– |
329,280 |
|
Brahmani River Pellets |
207,000 |
– |
– |
– |
– |
207,000 |
|
Ardent Steel |
175,150 |
– |
– |
– |
– |
175,150 |
|
Netincon Marketing |
– |
– |
– |
73,000 |
– |
73,000 |
|
KIOCL |
– |
– |
– |
– |
52,800 |
52,800 |
|
Arya Iron & Steel |
35,000 |
– |
– |
– |
– |
35,000 |
|
Grand Total |
810,293 |
402,000 |
146,440 |
73,000 |
52,800 |
1,484,533 |
*Custom cleared
Qty in MT
Source: SteelMint Research
India exported 1.5 MnT of Pellet in FY14, second highest, next only to 2.4 MnT Pellets export during 2008.
- Jindal Steel & Power is the biggest exporter with 612,303 MT, followed by Brahmani River Pellets and Ardent Steel
- Paradip Port exported largest quantity of 810,293 MT, followed by Gangavaram, Vizag, Haldia and Mangalore Port
- Export quantity was highest in Nov 2013, supported by weak INR against USD and improved China Iron ore fines prices at USD 136/MT for Fe 63.5/63
Indian government enforced 5% duty on Pellet exports w.e.f. 27 Jan, 2014 to ensure sufficient raw material to domestic Steel producers, consequent to this export came down. In last 4 years, Iron ore production dropped by 38% to 136 MnT in FY14 at the back of mining ban in Karnataka and Goa.
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