India: Godawari cuts pellet offer by INR 500/t ($7)

Central India-based steelmaker Godawari Power and Ispat Ltd (GPIL) has lowered pellet offers for the domestic market, sources informed SteelMint. Current offers have decreased by INR 500/t to INR 14,000/t exw. Decline in pellet export realisations and drop in offers from nearby markets such as Raigarh and Jharsuguda have weakened pellet offers in Raipur, it is believed.


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