Tag: Kumba Iron Ore Offers
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India: Pellet Prices likely to be under Pressure; Import Potential Picks Up
Indian Pellet prices may come under pressure because steelmakers are receiving competitive Pellet offers from international suppliers. Iron ore prices in the global market turned down to 5 years low i.e. USD 78/MT (INR 4,750/MT) CFR China for Fe 62% and have given an opportunity to Indian steelmakers for imports. Steelmakers have been struggling with…