India Probes Iron Ore Pellet Surge

  Published 11 months ago

India's pellet makers urge curbs on suspected Iranian imports via Oman, citing sanctions evasion and harm to local industry.

  • Imports surged to 800,000 tons in 2025, driven by cheaper Iranian pellets routed through Oman, analysts claim.
  • Domestic producers operate at 69% capacity, seek government action on origin doubts, and unfair market pressure.
  • Steel demand rises 7.1% YoY; pellet imports threaten the sustainability of India's growing steel and infrastructure sectors.

You might like these

Moneyboxx Finance Expands Rural Lending, Raises Rs 237 Crore

ITC Q1 Profit Rises 3%, Revenue Up 20%

Deepak Nitrite FY25: Mixed Results & Expansion Plans

Bondada's Rs 836 Crore BESS Project Boosts Tamil Nadu Renewables

Schneider Electric FY25 Results: Mixed Signals

Reliance Stock Rises on Strong Q1 Outlook, Jio IPO Hopes

Siemens Energy India 'Buy' Rating: Analysts See Growth

News that matters the most ⚡