Bellary-based iron ore pellet producers have reduced offers recently following a steep decline in P-DRI prices, as per SteelMint reports. SteelMint’s assessment for pellet (Fe 63%) stands at INR 13,000-13,100/t against its previous assessment of INR 13,550/t, exw, on 18 Jun’21.
Recent deals for around 5,000 t were heard by SteelMint at INR 13,000-13,300/t, exw Bellary. There was market chatter about offers at around INR 12,800/t, exw, although these could not be confirmed till the time of publishing this report.
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