Tag: SteelMint pellet index
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SteelMint’s pellet index drops 8% on falling export orders
SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, fell by INR 1,100/t, or 8%, to INR 13,300/t DAP Raipur on 20 Aug’21. The index fell to a five-month low, with similar price levels last seen in end-March. The index plummeted on account of falling pellet export deals to China. SteelMint’s pellet export index (Fe 64%,…