Tag: Indian pellet export index
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SteelMint: India pellet export index edges higher amid rise in global iron ore prices
SteelMint’s India pellet export index (Fe 64%, 3% Al, FOB east coast) increased by $2.5/tonne (t) on a w-o-w basis to $136.5/t. Amid the rise in global iron ore prices, the market saw a resumption in trading after Chinsese buyers made a comeback to the market. Rationale: Two deals for around 110,000 t of Fe…