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Indian pellet export volumes surge 59% y-o-y in CY19

According to data maintained with SteelMint, Indian pellet export volumes in CY'19 recorded at 13.01 MnT, up 59% on yearly basis as against 8.19 MnT in CY’18. Indian pellet exports in Dec’19 depicted 11% hike to 1.30 MnT compared to 1.17 MnT in Nov’19.
Why Indian pellet export volumes picked up in CY’19? Chinese production curbs The production curbs in China amid rising pollution concerns have resulted in increased pellet imports from India. The production curb in Tangshan were extended by two months from Aug’19 to Oct’19. Towards early Oct’19 mills in Tangshan were ordered to reduce sintering, pelletizing and blast furnace operations

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