Jindal SAW has reduced pellet (Fe63%) offers by INR 300/t ($4/t) to INR 10,700/t ($128/t) DAP Kandla on 23 July, with around 15,000 t deals concluded at the revised offers. The pellet prices dropped following the competitive offers from the Odisha region along with a fall in global iron ore prices. Global iron ore fines (Fe62%) decreased by $6/t w-o-w to $103/t CFR China on 22 July.
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