Author: Lalita
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India: Pellet prices drop sharply by 20% m-o-m in April on weak demand, falling sponge prices
Domestic pellet prices in the key Indian markets saw a declining trend in April, falling by around 20% m-o-m, as per SteelMint’s assessment. Weak domestic demand and fall in sponge iron offers weighed on pellet prices. The monthly average of SteelMint’s PELLEX was down by 13% m-o-m to around INR 11,975/tonne (t) in April. Prices…