Jindal SAW increased its pellet (Fe 63%) offers by INR 300/t ($3/t) to INR 10,300/t ($117/t) DAP Kandla on 18 Sep’25. Recent pellet export deals from the west coast and a hike in iron ore prices led to the rise in pellet offers. However, no deals were concluded at fresh offers amid cautious buying by steelmakers. Meanwhile, Chinese spot iron ore fines Fe62% rose by $3.5/t to $105.3/t CFR China in Sep.
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