India's pellet imports double m-o-m in May. Will uptrend sustain in June?

Paucity of high-grade drives imports from Middle East. Arrivals centered primarily in Kutch, Goa, Chennai. Global iron ore price decline stirs interest in imports.

Morning Brief: India's pellet imports continued at a brisk pace in May 2025 after resuming in December after a four-year gap. Volumes increased by a whopping 93% to 0.27 million tonnes (mnt) in May compared to 0.14 mnt in the preceding month. This is the highest monthly inflow recorded this year.