Raipur (central India) based pellet manufacturers have decreased offers today by INR 800/t today. The current offer for Fe 63% pellet stands at INR 11,500-12,000/t exw against the last offer at INR 12,300-12,600/t (ex-Raipur, GST extra). Pellet offers in Raipur have hit close to a two-month low. Sharp fall in offer is attributed to decline in sponge and semi-finished steel prices seen in the last few days.
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