India’s pellet export market remains silent for yet another week after the export duty announcement. Price indications for standard grade pellets are heard at around $160/t, CFR China. However, due to a steep duty of 45% on pellets, prices are not workable at present. Meanwhile, an Indian mill had floated a pellet export tender for empanelled customers. India’s pellets export shipments were recorded at 1.06 million tonnes (mnt) in May 2022, a fall of 24% m-o-m as against 1.39 mnt in April 2022, according to the vessel line-up data maintained with SteelMint.
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