Iron Pellet exports from India was negligible in FY13; saw a drastic pick up in FY14, after domestic Pellet prices stroke a life time low of INR 6,100/MT ( loaded at Barbil) in July,2013, coupled with weak INR and escalation in Pellet making capacity.
India largely exports Pellet to China owing to lower freight charges. The quantity was 1.2 MnT last fiscal. In FY14, chief Pellet exporters from India were Jindal Steel & Power (JSPL) followed by Essar Steel. Paradip Port on the east coast was the major export port at 0.8 MnT.
|
Iron Pellet Export From India in FY14 |
||
|
Shipper |
Total Qty |
Destination Country |
|
Jindal Steel & Power |
414,803 |
China |
|
197,500 |
Oman |
|
|
Essar Steel |
268,840 |
China |
|
21,340 |
Saudi Arabia |
|
|
39,100 |
Vietnam |
|
|
Brahmani River Pellets |
207,000 |
China |
|
Ardent Steel |
175,150 |
China |
|
Netincon Marketing |
73,000 |
China |
|
KIOCL |
52,800 |
China |
|
Arya Iron & Steel |
35,000 |
China |
|
Total |
1,484,533 |
|
Qty in MT
Source: SteelMint Research
Financial Year 2014-15 will be a crucial year for Indian Pellet and the DRI industry. General elections, phenomenal enhancement in Pellet capacity and Supreme Court’s verdict on Iron ore mining ban in Odisha, will determine the fate of the Indian Steel industry.
To address challenges and spot out business opportunities, SteelMint Group is organizing a mega conference ‘Indian Pellet & DRI Summit 2014’ with an objective to recognize the future of Indian Sponge Iron, Pellet and the Iron ore mining industry.
The summit will be attended by more than 200 companies from across the globe that include Pellet manufacturers, Iron ore miners, Sponge manufacturers, Steel Companies, Exporters, Importers, Traders, Brokerage houses, Logistic Companies and Equipment Suppliers.
To know more, visit us at www.events.steelmintgroup.com
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