Indian Pellet Imports Increase in Apr’19 Amid Bookings from Iran
According to vessel line up data maintained with SteelMint, India imported 53,860 MT pellets from Iran in the month of April'19 compared to nil imports in last month. Since the data maintained with SteelMint, it’s for the first time that India has imported pellets from Iran.
SteelMint in conversation with the traders learned that, due to high grade and comparatively lower pellet prices in the global market, it became cheaper substitute for the western India steel mills compared to imported south African lumps and domestic pellets.
As per sources, the deal might have been concluded approximately at around INR 8,600-8,800/MT, CNF India.
Electrotherm /SriRam Imported Pellet from Iran- Western India based company- Electrotherm had imported pellets from Iran at 53,860 MT. Its turn out to be the only importer in the month of April’19.
Prior to this shipment from Iran, all the pellet imports reported by India were from Bahrain and Essar steel was the sole pellet importer in FY19.
source: SteelMint
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Mercuria eyes equity in African assets, new metals boss says
Glencore posts lower metals output for first nine months, reiterates outlook
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Anglo American sells Australian coal JV stake for $1.1 billion
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years