Jindal SAW has decreased pellet offers sharply today. The current offer for Fe 63% pellet stands at INR 11,250/t ($145/t) DAP Kandla compared to offers of INR 12,800/t ($165/t) heard in the middle of May’22. Declining offers in eastern and southern India along with the drop in sponge iron prices resulted in the reduction in offers, SteelMint notes.
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