Indian pellet export market remains inactive

India’s pellet export market remains silent as overseas buying interest, particularly from China, remains low. The drop in iron ore and steel futures has dampened 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 Jun’22 as against 1.06 mnt in May’22, according to vessel line-up data maintained with SteelMint.