India: Jindal SAW Concludes 50,000 MT Pellet Export Deal to China
According to market sources report to SteelMint, west India based pellet maker – Jindal SAW has concluded pellet export deal to China for 50,000 MT pellet consisting of Fe 63% (around 1.5% Al). The deal is heard to have concluded at USD 116/MT, FoB India for June shipment.
As per reports, Chinese steel mills have raised usage of pellets in blast furnace amid increased price of iron ore lump. The high lump prices are expected to continue for the month amid tight supply.
Last week southern India based pellet maker - KIOCL concluded pellet export deal offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al. As per the sources, the deal was concluded at around USD 119/MT, FoB India.
Spot pellet premium picked up last week - Spot pellet premium for Fe 65% grade pellets picked up to USD 27.30/DMT, CFR China this week as against USD 23.20/DMT, CFR China towards last week due to limited offers in spot market.
Jindal SAW raised domestic pellet offers - West India (Rajasthan) based pellet maker - Jindal SAW has increased pellet offers by INR 500/MT (USD 3/MT). Last week offers for Fe 63% grade pellets have moved up to INR 9,100/MT (delivered Kandla) against the previous assessment of INR 8,600/MT.
source: SteelMint
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
