Production of iron ore pellets in India dropped by nearly 20% m-o-m in June to around 5.7 million tonnes (mnt) as against 7 mnt in May. Production in June also fell by about 11%, y-o-y, from around 6.35 mnt in June 2021. Total production in Q1FY’23 stands at over 19 mnt, slightly lower compared to the year-ago period. However, the country’s pellet output increased to over 40 mnt in the first six months of 2022 (H1CY’22) – higher than around 38 mnt recorded during the same period of last year.
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