The Indian pellet exports grew 42% for the month of Aug with the quantity of 0.93 MnT compared to the quantity of 0.66 MnT in Jul‘17.
There was an increase of 10% Y-o-Y as well for the month of Aug exports compared the pellet exports in Aug’16 which were at 0.85 MnT then.
The upward movement in India pellet market have had the repercussions on global steelmaking raw material market pushing the spot pellet premium at around USD 41.5/DMT, CFR China currently a 17% increase W-o-W which was USD 35.9/MT last week.
The increased demand from China for high grade material has pushed the pellet prices to its record high in India.
The Chinese manufactures are using high grade material to mitigate the increased coking coal prices resulting in favor of Indian pellet exporters.
Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)
