A couple of Raipur-based pellet players have slashed offers today by INR 500-600/t. The current offers for Fe 63% pellets are being quoted at INR 11,400-11,500/t exw-Raipur. Decrease in the landed cost of offers from Odisha, weakening bids and decline in iron ore prices have resulted in pellet offers inching down in Raipur.
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