India: Godawari Power and Ispat cuts pellet offers by INR 500/t ($7/t)

Godawari Power and Ispat Ltd (GPIL) has decreased pellet offers for domestic buyers by INR 500/t ($7/t) to INR 11,500/t exw ($150/t) from INR 12,000/t ($157/t). The decline in sponge iron prices and cheaper landed offers from neighbouring Odisha pulled down offers in Raipur, SteelMint notes.