Indian steel industry was surprised few months back when Bhushan steel,one of the primary steel producer imported two shipments of pellets from Brazil.
Though industry experts comment that imports are not a long term solution for fast growing Indian steel industry.
“Imports can not be a long term option for us when there are many pellet plants coming up in India.We will prefer to buy from domestic market as it takes less time and also immune from currency fluctuation.
Though we have not inquired for imported pellets but offers should vary in range of $130-135/t levels CFR India, where as Indian domestic market is hovering around Rs 7,200-7,500/t ($130-140/t ,Ex-mill)” said a steel manufacturer based on Indian west coast.
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