India: Raipur pellet offers hiked by up to INR 600/t, w-o-w

Central India-based pellet producers have increased their offers today for the domestic market, sources informed SteelMint. The current assessment for pellets (Fe 63%) stands at INR 12,000-12,300/t exw-Raipur, up by INR 600/t, w-o-w. Buoyant sentiments in the sponge iron and semi-finished steel market have enabled producers to raise offers, SteelMint notes.