Author: Lalita
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India: Weak demand, hefty export duty push down pellet prices in May
Domestic pellet prices continued their declining trend in May amid subdued buying, lower bids and discounts in the first half of the month. Sentiments weakened further after the government announced a steep 45% export duty on pellets in late-May. The monthly average of SteelMint’s pellet index, PELLEX, stood at INR 10,020/t DAP Raipur in May,…