Raipur-based pellet producers reduced their offers for Fe63% (+/- 0.5%) material by INR 300/t ($4/t) to INR 9,600-9,700/t ($113-114/t) exw today following weak market sentiments and competitive offers from Odisha-based suppliers. However, a few plants kept their sales closed, completing dispatches of previous orders. Notably, Raipur sponge iron (PDRI) prices declined by INR 950/t ($11/t) w-o-w to INR 24,500/t ($284/t) exw today.
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