Jindal SAW has reduced pellet (Fe63%) offers by INR 300/t ($4/t) to INR 11,000/t ($130/t) DAP Kandla on 16 July, with around 5,000 t deals concluded at the revised offers. The producer dropped the offers amid pressure in the domestic pellet market along with mixed market sentiments from global iron ore fines prices. Gujarat’s steel prices witnessed a decent fall this month.
Leave a Reply