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India: Jindal SAW reduces iron ore pellet offers by INR 300/t ($3/t) in Kandla

Source: BigMint Aug 06, 2026 08:30

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Weak sponge iron demand drags Kandla offers lower. Steel prices fall, price gap between pellets, lumps shrinks

Jindal SAW recently reduced its iron ore pellet offers (Fe 63+/-0.5%) for the Kandla market by INR 300/t ($3) m-o-m to INR 11,300/t DAP, primarily due to subdued demand from sponge iron producers and easing raw material costs, along with a weaker global iron ore market. Market participants stated that

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