India: Jindal SAW cuts pellet offers by INR 400/t ($5/t)

Jindal SAW has reduced pellet (Fe63%) offers by INR 400/t ($5/t) to INR 10,200/t ($127/t) DAP Kandla today. However, no deals were witnessed at revised prices from buyers. The pellet offers fell as iron ore (Fe 62%) fines spot prices declined by $8/t w-o-w to $103/t CFR China on 28 Mar.