Jindal SAW Ltd increased pellets offers recently. The current offer for Fe 63% pellets stands at INR 10,750/t ($130/t) DAP Kandla compared to offers of INR 10,000/t ($122/t) w-o-w. Around 15,000 t of deals were recorded at the revised price. Global iron ore prices were $113.15/t on 15 Dec’22, up $10.05/t compared to the last two weeks. Due to hike in global iron ore prices & pellet offers in nearby markets, Kandla pellet prices have increased., SteelMint noted.
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