Jindal SAW has decreased pellets (Fe 63%) offers to INR 9,300/t ($112/t) DAP Kandla compared to offers at INR 9,600/t ($116/t) heard in end-Sep’22. However, no deals were recorded in the current publishing window. Declining offers in southern India and a drop in imported iron ore prices along with the downtrend in sponge prices resulted in the price cut, SteelMint notes.
Leave a Reply