A recently floated Indian iron ore pellet export tender has received poor response. Disparity in bids and offers has kept the market muted. SteelMint’s India pellet export index (Fe 64% 3% Al, FoB east coast) has declined by $25/t w-o-w, last assessed at $221/t on 14 Jul’21. Limited buying enquiries for pellet from China have dragged Indian pellet export prices down. Also, rising production curbs in China are keeping Chinese buyers away from the import market.
Leave a Reply