An Indian pellet-maker recently concluded an export deal for 50,000 t (Fe63%, 2.5% Alumina) via tender. The deal was recently concluded at around $96-97/t FOB India, as per sources. In the last tender, an export deal for 50,000 t was concluded at around $101/t FOB India. Due to the decline in seaborne iron ore prices, bids have decreased for the pellet export tender.
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