Jindal SAW increased its pellet (Fe63%) offers by INR 300/t ($3/t) to INR 11,300/t ($133/t) DAP Kandla on 17 Jan’25. This hike follows a rise in international iron ore prices, which prompted Indian pellet producers to raise their offers. However, no deals were recorded at the higher levels. China’s spot prices of iron ore (Fe 62%) fines rose $5/t w-o-w to $103/t CFR on 16 Jan.
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