Tag: India pellet export index
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SteelMint: India’s pellet export index falls on China demand uncertainty
SteelMint’s India pellet (Fe 63%, 3% Al) export index FOB east coast was recorded at $123/t, down $3.5/t w-o-w. Iron ore prices in China have come under pressure as the government has mandated curbs in production to contain air pollution. This, in turn, has created uncertainty about demand in the near term. Steel mills are…