An Indian pellet producer has concluded an export deal for 50,000 t (Fe 62.5%, 2% Al grade material) at $182-183/t FOB for Apr’22 shipment, sources confirmed. The export market has regained momentum following expectations that demand might resurface as domestic concentrate prices in China have started climbing. SteelMint’s weekly pellet export index rose by $13/t w-o-w following hike in global iron ore prices.
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