Tag: india pellet domestic
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SteelMint: PELLEX remains range-bound on fall in sponge offers
SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, remained stable at INR 10,200/tonne (t) DAP Raipur compared to the last assessment on 21 February 2023. Around 20,000 t of deals were reported in this publishing window. The index remained range-bound amid fall in sponge iron offers. Rationale: PELLEX has been derived using data points, i.e.…