India: Bids increase by INR 200/t in KIOCL’s 50,000 t domestic pellets sale tender

India’s state-owned pellet maker – Kudremukh Iron Ore Company Ltd (KIOCL) has concluded a domestic sale tender for 50,000 t pellets (Fe 64% and less than 2% Al) at INR 9,600($130)/DMT, FoB India. Price fetched for this tender is higher by INR 200/t m-o-m, SteelMint learned. The company operates 3.5 mn t pa pellet plant in Mangalore, Karnataka.