On August 29, SteelOrbis reported Indian pellet export offers prices up on active deals along with strength in the Indian domestic pellet market. Prices were reportedly firm at $140-146/mt FOB Indian port.
According to sources close to the market, Indian pellet export offers are now reportedly at $143-148/mt FOB, up $3/mt from the bottom of the previous range and $2/mt from the top of the same range. Additionally, due to the demand for high grade raw material in export markets along with the depreciation of the domestic INR currency, the dollar-denominated export market is presently highly attractive to sellers.