Tag: pellet export market
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India: Pellet export index drops to 3-month low on bearish sentiments in China
Limited bids from end-users, falling global iron ore prices and steel output cuts in China continue to exert downward pressure on Indian pellet export prices. SteelMint’s pellet export index (Fe 64%, 3% Al, FoB east coast) has recorded a drop of around $21/t w-o-w and currently stands at $196/t. The index has fallen to a…