Jindal SAW increased its pellet (Fe63%) offers by INR 300/t ($4/t) to INR 11,200/t ($132/t) DAP Kandla on 3 Dec'24. Higher iron ore offers in the domestic market, along with a surge in the global fines index, prompted the price hike. China's spot prices of iron ore (Fe 62%) fines increased by $9/t in the last two weeks to $106/t CFR on 2 Dec.