Jindal SAW has increased pellet (Fe 63%) offers by INR 600/t ($8/t) today to INR 13,200/t ($177/t) DAP Kandla compared to INR 12,600/t ($169/t) in end-Jan’22. 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 understands.
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