Jindal SAW reduced its pellet (Fe 63%) offers by INR 300/t ($3/t) to INR 10,300/t ($117/t) DAP Kandla on 05 Nov’25. A drop in global iron ore prices and weaker trade sentiment in sponge iron led to lower pellet offers. Notably, Fe 62% iron ore fines prices, CFR China, have fallen by $3/t since end-Oct’25.
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