Tag: India Pellet Prices
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SteelMint: PELLEX stable on subdued trade, bids drop further
SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, stood at INR 8,000/tonne (t) stable compared to the last assessment on 18 October, 2022. Limited deals were reported in this publishing window. Increased sponge prices and quite a decent response in the OMC iron ore auction has kept the offers supported. Rationale: PELLEX has been derived…