India: Gujarat-based mills book 55,000t pellets from eastern region

An eastern India-based pellet producer has recently concluded a domestic coastal deal for nearly 55,000 t of pellets (Fe62%, 8% SiO2+ Al2O3). The deal was heard concluded at around INR 10,000/t DAP Kandla for end-July delivery. The drop in pellet export prices and lower demand have resulted in diversion of export supplies in other domestic markets.