Author: P Anjali
-

SteelMint: PELLEX stable despite falling sponge offers, market awaits NMDC price revision
SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 7,800/tonne (t) DAP Raipur, stable compared to the last assessment on 1 November, 2022 despite lack of demand and fall in sponge iron prices. Rationale: PELLEX has been derived using data points: i.e. trades, offers and bids. You can download the detailed methodology by…