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India: Pellet trade falls 3% m-o-m in Oct'25; recovery expected in Nov

Source: BigMint Nov 26, 2025 08:30

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Sharp decline in sponge iron prices keeps buyers cautious. Export activity remains stagnant on weak Chinese demand

Indias domestic pellet trade volume recorded a marginal 3% decline in October compared to the previous month, as most regional markets witnessed a slowdown in buying activities. The dip was largely driven by weak steel market sentiment, subdued demand from sponge iron units, and the impact of festive holidays,

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