Jindal SAW has increased pellets (Fe63%) offers by INR 200/t to INR 11,300/t ($138/t) DAP Kandla. Around 10,000 t of deals were recorded at revised prices.
Global iron ore prices have risen by $3.1/t in the last two weeks ($13/t m-o-m) to $120.75/t as on 16 Jan’23. This coupled with rising iron ore and steel prices in the domestic market pushed up pellets prices in Kandla.
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