Jindal SAW reduced its pellet (Fe 63%) offers by INR 300/t ($3.5/t) to INR 9,700/t ($113/t) DAP Kandla on 30 Jun’25, with no trades concluded at the revised values. The weak sponge and semi-finished market led to lower pellet prices in western India. Meanwhile, Chinese spot prices of Fe 62% iron ore fines dropped by $5/t m-o-m to $94/t CFR in June.
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