Central India Pellet Makers Raise Offers Following Hike in Sponge Prices
According to the market participants report to SteelMint, Raipur (central India) based pellet manufacturers are likely to increase offers to INR 8,000/MT as against end of last week’s assessment of INR 7,000/MT (ex-Raipur, GST extra). The revised offers are likely to be effective from tomorrow (12 Feb’19).
Indian pellet prices have increased and hit 2-3 months high. Indian pellet makers are expecting hike in Indian pellet export prices. SteelMint's has learned from the market sources that for regular grade pellet (Fe 64+/-1%, 3% alumina) export also increased by USD 9-10/MT to USD 124-125/MT, CFR China which was USD 114-115/MT, CFR China earlier last week. Prices have increased on anticipated supply shortage post Vale dam collapse.
P-DRI price assessment of SteelMint has increased sharply by INR 2,300/MT to INR 21,700/MT against INR 19,400/MT a week ago.
source: SteelMint
Top News
Seventeen Days ago
Vale to raise Carajas iron ore output with $12 billion investment
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Agnico Eagle threatens to oust Barrick from No. 2 gold ranking
Australia’s iron ore export hub to reopen after cyclone weakens
Ukraine rejects US bid for 50% of rare earth minerals, FT says
Glencore weighs ditching London as primary listing
World Copper sells Zonia project for $18M
Iron ore price slides as cyclone-led supply fears ease in Australia
Ukraine, US still ironing out parts of minerals pact
Gold price hits new peak as safe-haven appeal remains strong
Ascot lines up $45M financing to reboot Premier gold mine
World Copper sells Zonia project for $18M
Canagold unveils antimony resource for New Polaris project in British Columbia
Indonesia minister says Freeport can resume copper concentrate exports
US, Ukraine ramp up talks on minerals deal during envoy trip
THE WORLD-LARGEST RETAINED MANDREL SEAMLESS PIPE PLANT WILL BE FQM®
Glencore weighs ditching London as primary listing
Northisle doubles value of British Columbia copper-gold project with new PEA
Ukraine, US still ironing out parts of minerals pact
Gold price hits new peak as safe-haven appeal remains strong
Ascot lines up $45M financing to reboot Premier gold mine
World Copper sells Zonia project for $18M
Canagold unveils antimony resource for New Polaris project in British Columbia
Indonesia minister says Freeport can resume copper concentrate exports
US, Ukraine ramp up talks on minerals deal during envoy trip
THE WORLD-LARGEST RETAINED MANDREL SEAMLESS PIPE PLANT WILL BE FQM®
Glencore weighs ditching London as primary listing