Godawari Power and Ispat has decreased domestic pellet (Fe63.5%, +/-0.5) offers by INR 300/t ($4/t) to INR 9,900/t ($121/t) exw. However, no deals have been recorded at these prices. The company has cut prices by a total of INR 600/t in the last ten days. Other Raipur-based pellet producers have also decreased offers to INR 9,500/t ($115/t) exw, sources informed.
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