Western India-based – Jindal SAW Ltd has increased its pellet offer by INR 750/t w-o-w. The current offer for Fe 63% grade pellets stands at INR 14,750/t DAP Kandla, SteelMint learned from sources. The company has a pellet plant of capacity 1.2 mn t pa in Bhilwara and is a key source of raw material to Gujarat-based plants. Hike in domestic pellet offers in other key markets and hike in iron ore offers have supported price hike.
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