Author: Ratiram Gurjar
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SteelMint: PELLEX remains stable even as market awaits NMDC’s iron ore price revision
SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, remained stable at INR 10,200/tonne (t) DAP Raipur compared to the last assessment on 24 February, 2023. No deal was reported in this publishing window due to low buying interest. Market participants are currently in wait-and-watch mode. Rationale: PELLEX has been derived using data points, i.e. trades,…