Jindal SAW has dropped pellet (Fe63%) offers by INR 300/t ($4/t) to INR 12,500/t ($150/t) DAP Kandla recently. The buyers booked 20,000 t of pellets at new offers. The pellet offers fell as iron ore (Fe 62%) fines spot prices declined by $10/t w-o-w to $127/t CFR China amid the Lunar holidays have lowered imported lump offers.
