Jindal SAW has increased pellet (Fe 63%) offers by INR 1,300/t ($17/t) today to INR 14,500/t ($190/t) DAP Kandla. However, official confirmation could not be received till publishing this report. The rise in pellet offers in eastern and southern India came on the back of a rally in sponge iron prices and global iron ore price hike, SteelMint learnt.
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