Arya Iron & Steel, one of the largest merchant Pellet manufacturers in the eastern region with an annual capacity of 1.2 MnT, has cut Pellet prices by INR 200/MT (USD 3/MT). Current offers are assessed at INR 5,000/MT, as per loaded to wagons at Barbil railway siding (Odisha).
The Pellet maker has reduced prices on the backdrop of weak demand and declining Sponge iron prices in the Indian market.
Trade-wise:
1. Jharsuguda (Odisha) based manufacturer offered Fe 63% Pellet at INR 5,500-5,600/MT
2. Pellet prices in Raipur (CG) were assessed at INT 6,000/MT
3. Durgapur based manufacturer offered the material in the range of INR 5,600-5,700/MT
4. Keonjhar (Odisha) based manufacturer heard to have sold 63% Fe Pellets at INR 4,700/MT
5. Karnataka based manufacturers offered Fe 62% Pellet at INR 6,200-6,300/MT
6. Imported Lumps from South Africa assessed at USD 72/MT CIF India for June deliveries
7. Indian govt cuts export duty on low grade Iron ore by 20%; exports still not viable from Goa
8. Pellet Sponge (P-DRI) prices at INR 15,700-800/MT (Ex- Durgapur, 78 FeM) and INR 15,600-700/MT (Ex- Raipur, 80 FeM), INR 14,900/MT (Ex- Bellary, 78 FeM)
Pellet Rake Movement for Apr’15
| Consignor | Consignee | Apr’15 |
| Ardent Steel Limited | Brahmaputra Metaliks Ltd | 1 |
| CP Ispat Pvt Ltd | 1 | |
| Jharkhand Ispat Pvt Ltd | 4 | |
| Maheshwary Ispat Ltd | 1 | |
| Sova Ispat Ltd | 1 | |
| Total | 8 | |
| Arya Iron and Steel Ltd | Bihar Foundry & Castings Ltd | 1 |
| Brahmaputra Metaliks Ltd | 2 | |
| Divya Jyoti Sponge Iron Pvt. Ltd. | 1 | |
| Jharkhand Ispat Pvt Ltd | 1 | |
| Rashmi Ispat Ltd. | 1 | |
| Savitri Sponge Iron Pvt Ltd | 1 | |
| Shyam Steel | 1 | |
| Super Smelters Ltd | 1 | |
| Total | 9 | |
| Brahmani River Pellets Ltd | Bhushan Steel Ltd | 7 |
| Gagan Ferrotech | 2 | |
| Sova Ispat Ltd | 3 | |
| Total | 12 | |
| MSP Sponge ltd | Howrah Gases Limited | 1 |
| Total | 1 | |
| Grand Total | 30 | |
Source: SteelMint Research, Railways
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