Tag: India FOB Pellet export index
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Indian pellet export index rises sharply by $12/t on demand-supply mismatch
SteelMint’s pellet export index (FOB east coast India) increased further to $170/t, up by $12/t w-o-w. Falling pellet inventories at Chinese ports, limited offers from India and increased inquiries before Chinese New Year holiday led to the price hike. In the last two weeks prices have increased around $29/t. Few market participants highlighted that there…