Jindal SAW has reduced pellet (Fe63%) offers by INR 300/t ($4/t) to INR 11,500/t ($139/t) DAP Kandla today. No deals were heard at revised offers. Pellet offers declined as iron ore (Fe 62%) fines spot prices fell by $4/t w-o-w to $118/t CFR China yesterday amid low steel mill margins and a sharp drop in iron ore futures.
