India steps up high-grade iron ore feedstock purchasing

Published: Dec 8, 2025 10:40

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Last week, around 35,000 tonnes of high-grade pellet and 15,000t of HBI were sold with delivery to the west coast. The price for 65% Fe grade pellets was between $118-122/t cif Kandla port, while HBI was heard booked at around $268-272/t cif basis. The product has around 79% Fe with very low phosphorus, which is attractive for electric arc and induction furnace units looking for productivity gains.

The cargoes are described as Oman origin, though several market participants believe the material is Iranian supply re-routed through Oman. Traders are preparing shipments for other ports as well, including Goa, Chennai and Tuticorin, as southern India demand firms.

In the case of eastern ports such as Vizag, the same material could be offered at $127-130/t for high-grade pellet and HBI at around $277-280/t cif Vizag basis. However, domestic material such as 63% Fe pellet is heard quoted at around INR 9,700-9,900/t, equal to $108-110/t, and DRI is at around INR 24,000-24,200/t, equal to $266-270/t in Raipur.

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