India pellet production hits record high of over 75 mnt

Steel majors raise output on higher demand. Country's pellet-making capacity witnessing rapid growth. Export shipments fall on higher domestic realisation.

Production of iron ore pellets in India increased by 14% year-on-year to over 77 million tonnes (mnt) in FY'22 from around 67 mnt in FY'21, as per SteelMint data. Production in FY'20 was recorded at 70 mnt before it fell marginally in FY'21 mainly due to the COVID-19 disruption. However,