Iron Pellet producers across India are holding offers at levels, seen in the first week of this month.
Market has not changed and demand is still not picking up.
Though, manufacturers based in the state of Odisha, had been trying to sell out the material at slightly higher prices in the last couple of weeks, but failed to receive any booking orders.
Prevailing Iron Pellet Prices (Rs/MT):
Barbil: 6,500
Keonjhar: 6,100-6,500
Jharsuguda: 6,500
Jajpur:7,000
Tatanagar:6,800
Bellary:6,950-7,200
Raipur:7,500
Mangalore:7,350
Basic Prices
Current Pellet offers are under pressure and there is some room for further correction.
Sponge iron prices have not moved up, monsoons have impacted the trading volumes and a couple of miners based in the state of Odisha have lowered lumps prices in the range of Rs 200-400/MT in the last two days.
For more details, contact
Seema Goenka
(seema@steelmint.com)
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