“Only 40-50% of sponge iron plants in Karnataka are continuing operations and Fe 62.5 and 63 Pellet prices stand at Rs 8,000/MT on weak demand”, shared Mr. Satyabrata Ray, Manager for Marketing at MSPL in Bellary, Karnataka.
Janki Corp Limited and Xindia Steels Ltd are offering Pellet at Rs 7,000/MT and Rs 7,800/MT respectively. Pellet offers in South India are at the lowest levels presently.
Fe 55 or 56 iron ore fines is being available through e-auctions in Karnataka and is not suitable for Pellet making. Only those with a benefication plant can go for the above purchases.
Plants located near the coastal areas in Gujarat, Maharashtra or South are importing Fe 64 and 65 Pellets in large quantities at landed cost of Rs 8,200/MT from BHP Billiton, Ukraine, Brazil and Australia.
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