Iron Ore Pellet market have have ultimately witnessed fall of prices further on account of reduction in sponge iron prices by Rs 600/MT in a week's time and less buying activities of the raw material, Iron Ore Pellet.
Arya Iron and Steel Ltd, a major producer in Barbil, Odisha have lowered offers for Fe 63 grade by up to Rs 300/MT. Prices are standing in the range of Rs 7,700-7,800/MT (Ex Barbil, Loaded to Wagons) as of now.
Iron Ore Pellets maker in Tatanagar, Jamshedpur (Adhunik Metaliks Ltd) are currently offering the Fe 63 grade material at Rs 7,800/MT, which was quoted in the range of Rs 8,000-8,100/MT the previous day.
Users of Iron Ore Pellets across the country are unwilling to pay anything high for the last few days.
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