Jindal SAW has increased pellets (Fe63%) offers by INR 300/t to INR 12,200/t ($148/t) DAP Kandla. According to sources, new deals are expected to conclude in the next few days at revised prices. Global iron ore prices have risen by $8/t in the last one month to $132/t CNF China. Also, rising domestic iron ore and steel prices have pushed up pellet prices in Kandla.
Leave a Reply