Indian pellet export market remains inactive

India’s pellet export market remains silent for yet another week as overseas buying interest in pellets, particularly from China, remains low. Drop in iron ore and steel futures have weighed down pellet buying sentiments. Meanwhile, an Indian mill had floated a tender last week for empanelled customers which remained inconclusive. India’s pellets export shipments plunged to 0.08 mnt in June’22 as against 1.06 mnt in May’22, according to vessel line-up data maintained with SteelMint.