India: Barbil pellet prices fall by INR 350/t on falling sponge prices

Pellet prices in Odisha’s Barbil have moved down, as per latest reports. SteelMint’s current assessment for iron ore pellets (Fe 63%) stands at INR 9,050/t, loaded on to wagon, down by INR 350/t compared to the last assessment of INR 9,400/t on 10 Feb’23. Domestic offers have been reduced due to limited trade activities and falling sponge iron prices.


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