India: Raipur-based pellet producers cut offers by around INR 500/t ($7)

Raipur, Chhattisgarh-based pellet manufacturers have decreased offers sharply by around INR 500/t ($7) today tracking decline in iron ore fines offers from Odisha and sharp drop in pellet export realizations. The current offer for Fe 63% pellet stands at INR 14,200-14,500/t exw-Raipur, SteelMint learnt from sources.