Raipur-based pellet producers have increased their offers for Fe 63% (+/-0.5) pellets by around INR 200/t ($2/t) to INR 9,100/t ($109/t) exw-Raipur, effective 29 July 2024. Active bookings at lower rates have prompted pellet producers to raise their offers. Moreover, due to heavy rains in the region NMDC’s iron ore rake movements have been disrupted.
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