Tag: India merchant pellet deals

Sponge prices fall INR 1,600-2,200/t m-o-m Absence of pellet bulk deals lead to drop in volume India’s domestic pellet trade in India declined by around 16% in May compared to the previous month as weak steel market demand and limited activity weighed on buying sentiment. Steelmakers, grappling with falling sponge iron and semi-finished steel prices,…