Iron ore pellet production in India is projected to increase by an estimated 2% y-o-y to over 78 million tonnes (mnt) in calendar year 2022 (CY22) from over 76 mnt in CY21, SteelMint data shows. Production may rise slightly on the back of higher crude steel production due to increased domestic demand despite the imposition of export tariffs on steel and steelmaking raw materials which impacted the market through most of the second half of 2022.
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