An India-based pellet-maker recently concluded a 50,000 t export deal (Fe64%, alumina<2%), scheduled yesterday. The deal was recently heard concluded at $101.5-102/t FOB India, sources said. The recent hike in global iron ore prices and higher grade of pellets in the tender supported the deal prices. Their last 50,000 t (Fe63%, 2.5% alumina) deal was closed at around $96/t FOB India, mid-June.
Leave a Reply