Jindal SAW has reduced pellet (Fe63%) offers by INR 400/t ($5/t) to INR 10,300/t ($123/t) DAP Kandla on 9 Aug. 25,000 t deals concluded at revised offers. Recent drops in NMDC lumps prices and INR 1,300/t w-o-w fall in steel prices in Gujarat weighed on pellet prices. Global iron ore fines (Fe62%) decreased by $3/t w-o-w to $99/t CFR China on 8 Aug.
Leave a Reply