Author: Seema Goenka

Essar Steel, having India’s largest Pellet capacity of 14 MnT pa (6 MnT at Paradip and 8 MnT at Vizag), shipped 50,000 MT Pellets to Iran. Essar Steel concluded an export deal with Iran based DRI plants at USD 138-139/MT FoB Vizag port (inclusive of 5% export duty). Freight rate is assumed at USD 10-12/MT.…