Jindal SAW reduced pellet (Fe63%) offers by INR 300/t ($4/t) to INR 9,900/t ($118/t) DAP Kandla on 4 Sep’24 with no new transactions. The recent decline in global fines prices and pressure from the domestic downstream steel market weighed on pellet prices in the Gujarat region. Global iron ore fines (Fe62%) prices decreased by $8/t w-o-w to $93/t CFR China on 3 Sep.
Leave a Reply