India: Domestic Pellet Offers Fall Amid Declining P-DRI Prices

SteelMint in conversation with market participants learned that central India based pellet makers have lowered offers by INR 200/MT. Current offers for Fe 63% is at INR 6,800/MT (ex-Raipur, GST extra). Not significant deals were reported at last offers of INR 7,000/MT. P-DRI prices declined to INR 15,900/MT today as compared to INR 16,500-16,700/MT (basic) a week ago.

Durgapur pellet assessment falls - SteelMint’s Durgapur (eastern India) based pellet assessment stands at INR 6,200-6,300/MT lower by about INR 300/MT as compared to INR 6,500-6,600/MT (delivered) towards beginning of last week.
P-DRI prices in Durgapur fell sharply to INR 16,700/MT W-o-W against last week assessment of INR 17,400-17,600/MT.

Jindal SAW lowers pellet offers - West India (Rajasthan) based pellet maker - Jindal SAW decreased pellet (Fe 63%) offers for the week at INR 8,700/MT (delivered Kandla) as against INR 9,100/MT a week ago. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).

The fall in prices is attributed to sharp fall in iron ore prices. The spot iron ore prices (Fe 62%) fell by USD 12/MT in a week’s time to USD 114.25/MT towards last weekend as against USD 126.20/MT towards beginning of the week.

News No: 5118
Date: 2019/07/11 - 09:25
News Source: SteelMint

India  Pellet  SteelMint  Jindal SAW  Rajasthan 


Leave a Comment:


AQS imports more pellets, prepares to launch first EAF

Algerian steelmaker AQS has received its second Supramax cargo of direct reduced pellets ahead of launching a 2.5mn t/yr direct reduced iron (DRI) unit by the end of 2019 and a switch to electric arc furnace (EAF)-based steel production.

India steel: Coated prices flat on slow buying

India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.

Indian PE growth on hold: Gail

India's polyethylene (PE) demand is expected to remain at around 8pc until 2021, before being spurred on by economic and infrastructural growth, according to state-controlled gas distributor and petrochemical producer Gail.

India's JSW Steel forecasts stable demand growth

India's steel demand growth will remain stable in the October 2019-March 2020 period at around 5pc, forecasts domestic private-sector producer JSW Steel, amid reviving sales for the construction, solar appliances and pipe sectors.

Indian coking coal imports contract through state ports

Indian coking coal imports moving through 12 key state-controlled ports during April-October have contracted amid weakness in the steel sector.

India: Karnataka Iron Ore E-auction Sales Rebound in Oct'19

Karnataka iron ore e-auction sales volume has rebounded for the month and registered an increase of 48% in Oct’19. Total iron ore allotted quantity was recorded at 2.82 MnT in Oct’19 compared to 1.91 MnT in Sept’19. This month sales stood the second-highest in this fiscal year after April’19 sales at 2.9 MnT.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners