Jindal SAW Ltd has raised its pellet offer by INR 800/t. Current offers for Fe 63% grade pellets stand at INR 12,300/t DAP Kandla), SteelMint learned from sources. A hike in imported iron ore prices has resulted in an increase in domestic pellet offers. Spot price for iron ore Fe 62% fines rose by $2.25 d-o-d to $147.55/t CFR China amid tight supply. Jindal SAW has a pellet plant of capacity 1.2 mn t pa in Bhilwara and is a key source of raw material to Gujarat-based plants.
Leave a Reply