On August 1, SteelOrbis reported than Indian pellet export offers were being supported in the export market by active demand and strength in the Indian domestic pellet market. Prices were reported up at $112-114/mt FOB Indian port.
Sources inform SteelOrbis that Indian pellet export offers are now reportedly at $120-123/mt FOB Indian port. In the past two weeks prices increased $8/mt from the bottom of the previous range and $9/mt from the top of the same range.