State-run KIOCL had floated an export deal for 55,000 t of pellets (Fe 63% with 2-2.1% Al content) on 13 Nov’21 via tender. The deal was heard concluded at $150/t FOB. The company’s previous export deal, concluded towards end-Oct, had fetched around $165/t on FOB basis. KIOCL operates a 3.5 mn t/year pellet plant in Mangalore, Karnataka.
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