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:


Tata Steel aiming for 30mn t/yr capacity by 2025

Indian private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.

Iran Willing to Invest in India Refinery

Iran is willing and ready to invest in the development of Nagapattinam refinery in Southern Tamil Nadu state, a senior Iranian diplomat said in New Delhi on Wednesday.

Indian Imported Scrap Market Standstill; Offers Rangebound

SteelMint learned from industry participants that Indian market has remained less viable for scrap imports for yet another week. Offer levels remained rangebound in very limited trades reported so far.

India: Entire Quantity Booked in OMC's Koira Sub-grade Iron Ore Fines Auction

SteelMint has learned from the market sources that Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore (Fe 56%) fines yesterday (i.e. on 18th Jul'19).

SE Asia Billet Market Update-19 Jul’19

This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers. According to market sources report to SteelMint, current offers to SE Asia are at USD 455-460/MT CFR however buying interest is seen at USD 445-450/MT, CFR SE Asia levels. Prices have softened by USD 5-10/MT against last week.

India: Arrival of Monsoon Hits Domestic PPGI Prices

SteelMint in conversation with trade participants shared that domestic PPGI prices witnessed further correction by upto INR 750/MT this week as arrival of monsoon season lead to bearish market sentiments and slowdown of trade activities in domestic market.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners