Tag: India pellet export index
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Indian pellet export index increases by $2/t on tighter production curbs
SteelMint’s weekly pellet export index (FOB east coast India) for Fe 64% grade has increased by $2/t w-o-w to $182/t. Market sentiments have remained optimistic on expectations of tighter steel supply due to key steelmaking hub Tangshan’s order to lower utilization rates by 25%-30% over the rest of this year in a bid to reduce…