Raipur (Central India) based pellet manufacturers have resume quoting pellet offers in the market. Current offers for Fe 63% grade stands at around INR 5,900-6,000/MT (ex-Raipur, GST extra) as against last offer of INR 6,300/MT a month back. Offers were put on hold amid lock-down, however, no deal has been concluded so far.
One of the major Raipur based pellet makers is not aggressively offering amid pending dispatches of previous bookings.
Raipur (central India) based major secondary players are likely to start operations from the coming week, SteelMint learned in conversation with officials.
About 4-5 premium brands/big rolling mills in Raipur are likely to resume operations in the coming week with daily production of about 500-1,000 MT, as reported by officials. However, these mills have started quoting finished steel offers from the last 2-3 days in order to clear old inventory.
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