Jindal SAW has increased pellets offers sharply recently. The current offer for Fe 63% pellets stands at INR 10,000/t ($122/t) DAP Kandla compared to offers of INR 9,300/t ($114/t) heard in early Nov’22. Around 5,000 t of deals were recorded at the revised price. Increasing offers in eastern and southern India following the revision in export duties resulted in the rise in offers, SteelMint noted.
Leave a Reply