Tag: India Pellet Export
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India: Pellet producers turn to other export destinations as China demand wanes
SteelMint’s pellet export index (Fe 64%, 3% Al, FoB east coast) recorded a drop of $27/t w-o-w and currently stands at $156/t. The index has fallen to a nearly eight-month low, as per SteelMint data. In the absence of firm bids from China and drop in global iron ore prices, Indian pellet exports to China…