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28 Jul
01:00

India's KIOCL to export 2mt of pellets to Iran: reports

Indian state-owned iron ore pellet producer KIOCL has agreed to sell high-quality pellet to Iranian direct reduced iron producers, in what could be a $200 million annual deal, the company’s chairman, Malay Chatterjee, tells Reuters. Overall sales could reach 2 million tonnes. The deal has been on the cards since last year, but has now advanced after Iran signed earlier this month a nuclear deal with western powers. The arrangement is expected to soon s…
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