SteelMint in conversation with market participants learned that Raipur (central India) based pellet manufacturers have decreased their offers by INR 200/MT today (i.e 19th Sept’19). Current offers for Fe 63% grade stands at INR 6,000/MT (ex-Raipur, GST extra) as against last assessment at INR 6,200/MT last week. Limited trades were reported at last offers of INR 6,200/MT (ex-Raipur).
Today (19th Sept’19), NMDC (C.G) lowered iron ore fines and lumps price by INR 200/MT and INR 230/MT in DRCLO.
Current P-DRI prices in Raipur decreased by INR 100/MT W-o-W to 16,500/MT (ex-Raipur) against INR 16,600/MT a week ago.
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