An India-based pellet maker recently concluded an export deal for 50,000 t of material (Fe61%, Al2O3+SiO2: 11.5%) through a tender scheduled yesterday. The deal was closed at around $102.5-103/t FOB India, according to sources. The recent hike in global iron ore prices has supported Indian pellet export offers. Notably, Chinese spot iron ore fines prices rose $7/t w-o-w to $105/t CFR on 22 Jul.
Leave a Reply