Author: Indranath Jha
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SteelMint: PELLEX slides INR 100/t, sharp fall in prices unlikely
SteelMint’s bi-weekly domestic pellet index, PELLEX, has moved down by INR 100/t this week to INR 16,200/t, DAP Raipur. Two deals were reported in this publishing window. Two confirmed transactions for 10,000 t and 5,000 t were reported at INR 15,750/t and 15,950/t, DAP Raipur, respectively for Fe 62.5% and Fe 63% respectively. A couple…