Jindal SAW reduced its pellet (Fe 63%) offers by INR 250/t ($3/t) to INR 10,000/t ($114/t) DAP Kandla on 8 Aug’25. Weakened sponge and semi-finished markets, along with resumed imports from the Middle East, led to a drop in pellet prices in western India. Meanwhile, China’s Fe 62% iron ore fines spot prices dropped by $4/t to $101/t CFR China over the last two weeks.
Leave a Reply