SteelMint has corrected it’s PELLEX (Pellet Index, DAP Raipur) which was published on 11 Feb’20. The index should have been as INR 6,600/wmt DAP Raipur instead of INR 6,550/wmt DAP Raipur. The Index has been revised owing to the deal reported incorrectly yesterday.
SteelMint P-DRI assessment (Feb 11, 2020) stable W-o-W to INR 18,700/MT (Ex-plant) in line with last week’s offer.
No pellet export deal heard in this publishing window. Few Indian pellet exporters have floated tenders, however, the limited response was observed. SteelMint assessment for standard grade pellets (Fe 64%, 3% Al) stands at USD 120/MT, CFR China.
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