India: Bulk Pig Iron Export Declined Minutely in April’17

According to vessel lineup data maintained by SteelMint , Indian Pig Iron export remain static in Apr’17(108,000 MT) there is slight correction of 600 MT (-0.5%) against 108,600 MT in Mar’17.

In Apr’17 MMTC remains the highest supplier of pig Iron from India followed by Vedanta. In CY 2017(till April) India exported 0.3 MnT Pig Iron, major export share belongs to MMTC (42%), Vedanta (34%), RINL (15%).

Shipper CY2016 CY2017 (till Apr’17)
MMTC  97,240  126,000
VEDANTA  41,000  101,350
RINL  47,000
SAIL  36,000  7,200
N/A  20,000
Grand Total  174,240   301,550 

Qty in MT | Source: SteelMint Stats, Custom
Provisional Data | N/A: Not Available

There is no fresh export deal for pig iron in line with steep correction in global coking coal prices & volatility in Chinese billet prices which put buyers on wait and watch mode to take position.

India Pig Iron Export in CY2017

India pig iron export up by 73% (Y-o-Y) in first four month of 2017 , supported by limited supply of pig iron from CIS country.

In CY2017 pig iron exports are recorded at 301,550 MT till April 2017, against total exports of 174,240 MT in 2016.

Date Load Port Vessel Quantity Shipper Destination
15-Jan-17 Paradip Franbo Wind  31,500 MMTC Thailand
23-Jan-17 Mormugao Lord Mountbatten  20,000 Vedanta Thailand
09-Feb-17 Haldia Vsg Dream  7,200 Sail Taiwan
25-Feb-17 Mormugao Sea Melody  26,250 Vedanta Thailand
12-Mar-17 Paradip Ocean Falcon  31,500 MMTC Taiwan
21-Mar-17 Mormugao Clipper Tarpon  30,100 Vedanta Thailand
29-Mar-17 Vizag Equinox Seas  47,000 RINL USA
7-Apr-17 Paradip Canary  31,500 MMTC Italy
7-Apr-17 Paradip Global Harmony  31,500 MMTC Thailand
25-Apr-17 Jaigarh Glory Marugame  20,000 N/A  South Korea
28-Apr-17 Mormugao Mekele  25,000 Vedanta N/A
Grand Total
     301,550 

Qty in MT | Source: SteelMint Stats, Custom
Provisional Data | N/A: Not Available


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