JSPL and NMDC key gainers from higher domestic steel pellet prices

Domestic steel pellet prices recently hit their multi-year highs on strong demand from China and supply-related constraints. The continued shutdown at Brazilian pelletiser Samarco’s mines and force majeure by Swedish player LKAB is disrupting third-party supplies of 55-60 million tonnes per annum (MTPA), supporting steel pellet prices, say analysts.  While data from Equirus Capital indicates that Indian pellet exports have touched $137 per tonne — an increase of 38 per cent over the June quarter — Edelweiss Securities has indicated that gains have been more than 29.....

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