South India-based state-owned pellet producer, KIOCL, has cancelled an export tender for Fe 63% pellet (2% Al) on lower bids, as per SteelMint reports. As per sources, the company expected bids at least at $160/t FOB. KIOCL’s previous deal concluded off the tender in mid-Aug fetched around $172/t FoB, with shipment, most probably, to the Middle East.
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