State-owned KIOCL has issued three tenders for pellet (Fe 63%, 2% alumina) exports and domestic shipments. The tenders, due on 4 Jan’22 and 5 Jan, are only for KIOCL’s empanelled customers. The minimum quantity offered is 50,000 t. The company’s previous export deal concluded towards early-Dec’21 fetched bids at around $125/t on FOB basis. KIOCL operates a 3.5 mn t/year pellet plant in Mangalore, Karnataka.
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