“In Indian market, Iron ore Pellet prices are standing somewhere between Rs 7,400-7,500/MT (ex works) and have been constant.
As far as imports are concerned, only if iron ore prices in international market drops to a certain level, imports of Pellet are likely to grow in the coming months.
Essar will be resuming sales in the month of April and are not offering Iron ore Pellet as of now.
We are ramping up our production at the Pellet plant in Paradip (Odisha) presently”, Mr Dilip Oommen, MD and CEO, Essar Steel India Pvt Ltd shared with SteelMint.
Iron ore Pellet market in India has been more or same same in terms of both trading activities and prices as compared to the last week.
“We might continue offering the raw material at similar price levels as buying activities are decent these days, with no major improvement.
By the end of April first week, offers are likely to rise slightly on account of anticipations of better availability of iron ore in the state of Odisha”, said a senior official of a Pellet manufacturing plant.
Iron ore Pellet basic prices (Rs/MT):
KIOCL: 7,600
Sarda: 9,000
Arya: 7,450
Ardent: 7,200
JSPL: 7,550
MSP: 7,700
Bellary (Karnataka):
Janki 6,800 (Fe% 60) and BMM 6,500 (Fe% 59)
Adhunik: 7,600
Leave a Reply