Godawari Power and Ispat Ltd (GPIL) has increased domestic pellets (Fe63.5%, +/-0.5) offers by INR 400/t ($5/t) to INR 10,500/t exw ($129/t) today. Pellets prices were supported by an increase in floor prices of iron ore fines and lumps (by INR 1,250/t ($15/t) and INR 3,650/t ($45/t), respectively) by OMC for its upcoming auction on 17 Jan’23, SteelMint understands.
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