Jindal SAW has increased pellet (Fe63%) offers by INR 300/t ($4/t) to INR 12,200/t ($147/t) DAP Kandla on 21 May’24 however, deals are yet to be concluded at higher offers. Iron ore (Fe62%) fines spot prices rose w-o-w by $3.45/t to $118.5/t CFR China on 20 May amid positive macroeconomic news and increased demand for downstream steel products.
