Author: Nishtha Mukherjee
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East India Pellet Plants may Suspend Operations on Falling Margins
Stable iron ore fines prices, subdued demand and reduced profit margins have adversely affected pellet manufacturers in eastern India. A reliable source of PMAI (Pellet Manufacturers Association of India) is likely to conduct a meeting to solve these grievances. Pellet prices have come further under pressure after Odisha based merchant miners have cut lump prices…