Jindal SAW has reduced pellet (Fe63%) offers by INR 400/t ($5/t) to INR 9,900/t ($118/t) DAP Kandla on 16 Aug’24. Downtrend market sentiments in the domestic market coupled with sharp drop in global fines prices led to a fall in pellet offers. Global iron ore fines (Fe62%) decreased by $6/t w-o-w to $93/t CFR China on 15 Aug.
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