Jindal SAW has increased pellet (Fe63%) offers by INR 600/t ($7/t) to INR 11,200/t ($134/t) DAP Kandla recently with a 5,000 t deal by the plant. Iron ore (Fe 62%) fines spot prices increased by $9/t w-o-w to $113/t CFR China on 15 Apr amid improved market fundamentals. Notably, the finished steel prices increased by around INR 1,900/t ($23/t) d-o-d yesterday in Gujarat region.
