India: Pellet exports drop 25% y-o-y in CY'24 on strong domestic demand, declining Chinese steel output

Source: BigMint Jan 08, 2025 10:00

Shipments fall to 8.11 mnt in CY'24. Chinese demand takes a beating as steel output drops.

India's iron pellet exports declined significantly in CY'24, with a y-o-y decrease of approximately 25%, as per latest BigMint data. Exports stood at 8.11 million tonnes (mnt) as against 10.80 mnt in CY'23. This downturn is primarily attributed to increased domestic consumption and reduced demand from key international markets,

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