KIOCL had issued an export tender for Fe 63% (2% Al) pellets, which was due on 30 Sep’21. The tender was for KIOCL’s empanelled customers. The minimum quantity offered was 55,000 t. The tender received limited participation and was cancelled. KIOCL is likely to re-issue the tender after the holidays in China. The company’s previous export deal, in early-Sep, fetched around $160/t FOB for a non-Chinese destination.
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