MSPL Limited, an Iron Ore Pellet manufacturer in Hospet, Karnataka cut offers by Rs 200/MT looking at low requirement from sponge iron units.
“Iron Ore availability is becoming more and more difficult for us day after day as its prices are moving high in e-auctions.
We are going to face a tough competition for pricing of Iron Ore Pellet in the near future to meet with sales in large volumes”, said Iron Ore Pellet producers in the state of Karnataka.
There are no hopes of a very promising Iron Ore Pellet market in the month of December and offers might be more or less in the present range.
Janki Corp Ltd (JCL), in Bellary sold out a total of 35,000 tons (+ Captive Consumption) of Iron Ore Pellet in the month of November this year.
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