South India-based pellet-maker KIOCL had issued an export tender for sale of Fe 63% pellet with alumina content of 2-1.1%. The tender fetched an active response, and was concluded around $241/t, FoB for a quantity of 200,000t, SteelMint learnt from sources. KIOCL’s pellet export prices have hit highest since CY’09. The company’s last tender concluded in mid-May was heard to be concluded at $234/t, FoB. Renewed Chinese buying interest and hike in global prices have lifted Indian pellet export prices.
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