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India: Domestic pellet trade surges as demand picks up post-monsoon

Source: BigMint Oct 24, 2024 10:00

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Sponge iron, finished steel prices recover. Weak export demand boosts domestic trade.

Pellet trade volumes in the Indian domestic market rose sharply by 76% m-o-m to 1.63 million tonnes (mnt) in September 2024, up from 923,000 tonnes (t) in August 2024, according to data maintained by BigMint. The increase in trade volumes reflects improved market sentiment, driven by higher raw material

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