India’s pellet export market remains silent for yet another week. Due to low steel margins, buying interest for pellets is muted from the overseas market, particularly from China. Also, buyers are skeptical about Indian supplies post export duty imposition. Meanwhile, an Indian mill has floated a tender for empanelled customers. India’s pellets export shipments plunged to 0.08 mnt in June’22 as against 1.06 mnt in May’22, according to vessel line-up data maintained with SteelMint.
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