Jindal SAW has increased pellet offers by INR 300/t, reliable market sources reported to SteelMint following hike in global iron ore prices and landed cost of pellets from southern India. Revised offers for Fe 63% pellets stand at INR 9,200/t (del Kandla). The company has pellet plant of capacity 1.2 mn t pa in Bhilwara and is key source of raw material to Gujarat based plants.
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