Jindal SAW decreased pellet (Fe63%) offers by INR 300/t ($4/t) to INR 11,900/t ($145/t) DAP Kandla on 27 Mar’23 after having raised offers by INR 300/t on 15 March. The continuous drop in global iron ore prices and domestic pellet offers pushed down pellet prices in Kandla. Notably, global iron ore fines Fe62% prices fell by $11/t w-o-w to $121/t CFR China.
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