Jindal SAW has reduced pellet (Fe63%) offers by INR 300/t ($4/t) to INR 11,300/t ($134/t) DAP Kandla on 25 Jun’24 with around 5,000 t deals at revised offers. The continuous drop in the domestic sponge and steel prices along with pressure from global fines offers have forced the plant to reduce the offers. Iron ore (Fe62%) fines spot prices fell by $5/t w-o-w to $103/t CFR China on 24 Jun.
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