India: Gujarat steel mills book 50,000 t of pellets from south India
Gujarat-based steel mills booked around 50,000 t of raw pellets (Fe63%, 6.5-8% Al2O3+SiO2) at INR 9,700-9,800/t ($114-115/t) FOB last week from a southern India-based producer, sources informed BigMint. Some eastern coast-based sellers offered pellets in Gujarat at INR 10,300/t ($121/t) DAP recently. Notably, due to lower export realisations, major pellet suppliers are diverting material to the domestic market, which is seeing decent trades.