Southern India based pellet maker – KIOCL has concluded an export deal for 55,000 t pellets (Fe 64% and 2% Al) today via tender process. The deal was heard to be concluded at $192/t FoB, which is up by $2 against its bid price of Feb export deal. The company operates a 3.5 mn t pa pellet plant in Mangalore, Karnataka, India. Indian pellet export prices have rallied on the back of robust steel demand and tighter availability of high grade pellets in the global market.
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