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Indian pellet maker concludes 55,000mt deal to China

Indian pellet export market has regained momentum with recent deal. Indian pellet maker based in eastern India has concluded pellet export deal for 55,000 MT pellet (Fe 64%, 3% Al) to China, SteelMint learned from sources. The deal is heard to have concluded at around USD 109/MT, CFR China with 1st week of Jan laycan.
Chinese spot iron ore fines price was assessed yesterday at USD 88.7/MT, CFR China up against 87.25/MT CFR china assessed last weekend. In recent update received, Vale announced partial suspension at Brucutu mines due to temporary suspension at Laranjeiras dam. Brucutu mines is supposed to be operating at only 40% of its capacity and the

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