According to India’s Ministry of Commerce, iron ore pellet exports have increased year-on-year as well as month-over-month for the past 8 months. In November, India’s pellet export total is 10.5 percent higher year-on-year and 39.8 percent higher month-on-month.
The consistent increase is attributed to reduced freight charges within the country, a lower export duty burden, and strong global iron ore prices.
Indian pellet exports (million of mt) |
2017 |
2016 |
Change y-on-y |
Apr |
0.55 |
0.11 |
+ |
May |
0.55 |
0.23 |
+ |
June |
0.60 |
0.50 |
+ |
July |
0.66 |
0.39 |
+ |
Aug |
0.93 |
0.85 |
+ |
Sept |
0.82 |
0.80 |
+ |
Oct |
0.83 |
0.75 |
+ |
Nov |
1.16 |
1.05 |
+ |