- Write by:
-
Thursday, August 23, 2018 - 11:02:27 PM
-
1281 Visit
-
Print
Mining News Pro - South Korean steel mills have continued to book Indian pellet cargoes as reported by market participants to SteelMint
According to Mining News Pro -South Korean steel mills have continued to book Indian pellet cargoes as reported by market participants to SteelMint. According to sources, an Indian trader has recently concluded a pellet export deal at around USD 145-146/MT, CFR South Korea. SteelMint has learned that around four cargos for pellets have been booked this month by South Korean steel mills so far. They are aggressively looking for pellets.
As per the sources, India Pellet export prices for China raised to around USD 145-50/MT, CFR China. Last deals from Indian pellet makers have concluded at USD 145-146/MT, CFR China for regular grade.
Spot pellet premium continues to surge - Spot pellet premium for Fe 65% grade pellets assessed at USD 84.2/DMT, CFR China this week up by USD 7.35/DMT W-o-W against 76.85/DMT a week before. Pellet premium this week has reached record high levels.
Earlier, Southern India based pellet maker - KIOCL had floated pellet export tender for 50,000 MT with 64% Fe content and less than 2% alumina content. According to sources, the tender has been concluded at around USD 145/MT, FoB India.
Indian Pellet Exports to South Korea Increase-: According to the vessel line up data maintained with SteelMint, in the first seven months (Jan-Jul) of CY’18 Indian pellet export South Korea increased by 7% Y-o-Y to 0.29MnT against 0.27MnT in the same period last year (Jan-Jul’17). In the month Jul18 India pellet export to South Korea increased by 20% M-o-M to 0.06MnT against 0.05MnT in Jun’18. China remains the highest importer of Indian pellets with 0.39MnT in Jul’18.
Short Link:
https://www.miningnews.ir/En/News/243820
Mining News Pro - A new record has been registered on the module 2 of KSC steel reduction unit.
Mining News Pro - Chairman of the board of IMIDRO says that GolGohar Mining Company must focus on economic production ...
Mining News Pro - In an interview with Foolad Radio, the director of mineral processing of Mobarakeh Steel Company ...
Mining News Pro - Khuzestan Steel Company has registered a very successful performance in the first 8 months of this ...
Mining News Pro - Khuzestan Steel Company has performed very well in the first 3 months of this year in terms of ...
Mining News Pro - After 4 years, Khuzestan Steel Company has reached a new record for pellet production in plant no. 1.
Mining News Pro - By extracting 5.99 million tons of iron ore during the first quarter of this year, Sangan Complex ...
Mining News Pro - With the extraction of 18.4 million tons of iron ore in Sangan Complex during 2021, the performance in ...
Mining News Pro - For the first time in Chadormalu Industrial Complex, all three pelletizing, DRI and steel factories ...
No comments have been posted yet ...