The Indian pellet export market continued to witness upward momentum this week. In a recent deal for 55,000 t of pellets (Fe 63%, 3.5% Al) from eastern India was concluded at $162-164/t CFR China for Jan’22 loading, sources confirmed. The rise in global iron ore prices over the last week boosted pellet export prices by around $5-7/t compared to last week.
Leave a Reply