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1️⃣ Ex-India pellet prices remain stable, but trading is slow due to a wide bid-offer gap.
2️⃣ Weak demand from China and cautious buying from Europe are limiting transactions.
3️⃣ Market participants are in wait-and-watch mode, expecting better price clarity.
The export market for Indian iron ore pellets remains stagnant as price stability is met with limited trading activity due to a significant bid-offer gap. Despite steady demand from key buyers, a lack of consensus on pricing has slowed transactions.
Ex-India pellet prices have held firm over the past week, reflecting stable market fundamentals. However, exporters and buyers remain divided on acceptable price levels, leading to reduced trade volumes. Sellers are reluctant to lower offers, while buyers are hesitant to match the asking prices amid global economic uncertainty.
The standoff comes as the international steel market faces fluctuating raw material costs and uneven demand. Weak sentiments in China’s steel sector and cautious purchasing behavior from European buyers have further dampened Indian pellet exports. With freight costs remaining a concern, sellers are waiting for stronger price signals before adjusting offers.
Industry participants suggest that unless the bid-offer gap narrows, trade activity may remain subdued in the short term. The Indian pellet export market is likely to depend on price movements in China and Europe, as well as any government policy changes impacting raw material exports.
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