Jindal SAW recently reduced their pellet (Fe63%) offers by INR 300/t ($4/t) to INR 10,900/t ($130/t) DAP Kandla, with a 5,000 t deal reported at the revised prices. Competitive offers from the Eastern region plants and fluctuations in global fines prices influenced the drop in pellet tags. Spot prices for iron ore (Fe 62%) fines remained stable w-o-w at $105/t CFR China on 15 Oct.
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