Author: P Anjali
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SteelMint: PELLEX falls on limited trade, lower bids
SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, stood at INR 8,150/tonne (t) down by INR 250/t compared to the last assessment on 11 October, 2022. The reduction in offers by a couple of pellet players and subdued steel demand in secondary players have kept pellet bids on the lower side. Rationale: PELLEX has been…