Godawari Power and Ispat Ltd (GPIL) has reduced pellet offers for Fe 63.5% and Fe 66% (+/-0.5) by INR 300/t ($4/t) to INR 9,200/t ($110/t) and INR 10,700/t ($128/t) exw-Raipur, respectively. Notably, the pellet maker concluded around 25,000 t (Fe 63.5%) and 50,000 t (Fe 66%) deals at the revised offers. Other pellet makers from Raipur have also cut offers by around INR 200/t ($2.4/t) to INR 9,000/t ($110/t) exw today.
