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Indian pellet export shipments doubled in Q1 FY21

Indian pellet export shipments in the first quarter of fiscal FY'21 recorded at 5.07 mn t, as per data maintained with SteelMint. On a quarterly basis exports increased almost two folds as against 2.60 mn t in Q4 FY'20. On a yearly basis too, pellet exports picked up as against 2.99 mn t in Q1 FY'20.
Factors which favoured Indian pellet exports for the quarter: 1. Limited domestic demand :The pandemic COVID-19 led to country wide closure, in turn affecting the domestic needs by the steel mills. Also, with steel mills running on low capacity utilization due to lock-down in Apr'20 and early May'20, pellet offtake in

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