According to the customs data maintained with SteelMint, Indian pellet exports have registered a fall of 9% M-o-M to 0.58 MnT in Feb’18 as against 0.64 MnT in Jan’18.
The export was lower due to limited buying interest from Chinese steel mills as mills preferred pellets made out of imported concentrate. However, towards the end of Jan’18 buying sentiments in export market picked up.
Another reason behind fall in pellet export volumes could be attributed to the fact that demand for pellets in domestic market moved up owing to limited availability of iron ore over mining suspension at few major mines in Odisha.
Indian pellet export reference price assessment fell from USD 108/MT, FoB India towards the end of Jan’18 to USD 105/MT, FoB at the beginning of Feb’18.
On yearly basis, pellet export decreased sharply by 26% in Feb’18 against 0.78 MnT in the same month last year.
However in the first eleven months of FY’18 Indian pellet exports moved up 9% to 8.21 MnT against 7.53 MnT in the same period last year.
BRPL became the largest Indian pellet exporter in Feb’18-: BRPL stood the largest exporter for Feb’18 with exports at 0.17 MnT, accounting for 29% share in total pellet exports from India. KIOCL and Essar steel recorded the 2nd largest exporter at 0.11 MnT each, followed by Rashmi Metaliks at 0.06 MnT, JSPL at 0.05 MnT and Bagadiya Brothers at 0.05 MnT.
India pellet exports to China down 17% in Feb’18-: China continues to be the largest importer of Indian pellet in Feb’18 with imports of 0.49 MnT, down by 17% as against 0.59 MnT in Jan’18.
Paradeep port recorded the highest pellet exports in Feb’18-: Pellet exports from Paradeep port recorded highest in Feb’18 at 0.33 MnT, followed by Mangalore port at 0.11 MnT and Dhamra port at 0.08 MnT.
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