India: KIOCL Concludes 50,000 MT Domestic Pellet Tender

Southern India based pellet maker - KIOCL has concluded domestic pellet deal yesterday on 3rd Oct'19 via tender floated. The company had floated domestic tender offering 50,000 MT pellets consisting of Fe 64% content with less than 2% Al. As per the sources, the deal was concluded at around INR 8,100/MT (on FoB basis to Mangalore port).

KIOCL's 50,000 MT pellet export tender is under negotiation.

State-owned pellet maker - KIOCL (Kudremukh Iron Ore Company Ltd) recorded enhanced pellet production for the first quarter FY20. The production recorded at 0.61 MnT, above the set target of 0.49 MnT. The production marked 38% increase Y-o-Y as against Q1 FY'19 production at 0.44 MnT.