On February 4, SteelOrbis reported Indian pellet export offers at $109-112/mt FOB per support from recent export deals to China at higher prices.
Sources inform SteelOrbis that Indian pellet export offers are now at $124-126/mt FOB, up $15/mt from the bottom of the previous range and $14/mt from the top of the same range. The price increase is reportedly supported by recent deals to China and the increase in iron ore prices.