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Jindal Steel's Auction for 50,000 MT Pellet Export

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Pellets

BigMint Bureau

606 Reads

27 Oct 2017, 11:17 IST

Jindal Steel's Auction for 50,000 MT Pellet Export

India's largest pellet exporter - Jindal Steel & Power (JSPL) has offered 50,000 WMT pellets for export via online auction. The auction is scheduled to take place today i.e. 27 Oct'17 between 14:30 to 15:30 hrs IST. Latest date of shipment is 5 Dec'17.

Last week, Jindal Steel & Power concluded pellet export deal for about 50,000 MT pellets at around USD 118.5/MT, CFR China.

Yesterday, Essar Steel concluded export deal for nearly 100,000 MT pellets to China for November shipment. As per sources, the deal was concluded at around USD 120.5/MT, CFR China. Spot pellet premium has increased to USD 56.3/MT, CFR China for Fe 65% pellets which was USD 54.7/MT last week.

According to SteelMint stats, JSPL exported 0.94 MnT pellets from Apr-Sept'17 and has by far remained India's largest pellet exporter followed by BRPL and KIOCL. In previous fiscal, JSPL exported 2.29 MnT pellets.