India: Jindal SAW hikes pellet offers by INR 300/t ($4/t)
Jindal SAW has hiked pellet (Fe63%) offers by INR 300/t ($4/t) to INR 12,800/t ($154/t) DAP Kandla recently. However, no deal has been reported at new offers. The pellet offer inched up as iron ore (Fe 62%) fines spot prices rose by $4.55/t m-o-m to $134.55/t CFR China in December. Billet prices in Ahmedabad have also increased by INR 1,400/t in the last two weeks.