On February 7, SteelOrbis reported Indian pellet export offers up at $124-126/mt FOB due to recent deals to China and the increase in iron ore prices.
Sources now inform SteelOrbis that offer prices have softened to $118-122/mt FOB on lower inquiries from Chinese buyers, down $6/mt from the bottom of the previous range and $4/mt from the top of the same range.