A West Bengal-based pellet maker has recently concluded a pellet (Fe 63% grade, 4% Al) export deal for around 50,000 t at $223-224/t CFR China. The deal has been concluded early this week and shipment is scheduled in mid-June’21, credible sources have confirmed SteelMint. Prices have increased by around $5 against the deal reported last week. Market participants highlighted active Chinese buying interest for pellets on pollution curbs, especially for premium pellets with low Alumina content.
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