Tag: Indian pellet export offers
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Chinese Steel Mills Lower Pellet Inquiries; Prefer Low Grade Ore
SteelMint in conversation with market participants learned that Chinese mills have lowered inquiries for pellets and high grade ore amid shrinking steel margins. Indian participants were expecting market sentiments to remain optimistic after Chinese Lunar New Year holidays, however the scenario has not remained similar now. Indian pellet makers stated decline in pellet inquiries from…