Indian pellet export market continues to remain 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 has floated a tender for empanelled customers. 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.