Author: Ratiram Gurjar
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India: PELLEX drops INR 300/t ($3/t) as Raipur producers slash offers
Weakened inquiries lead to a drop in pellet offers Semi-finished steel prices fall by INR 1,000-1,100/t w-o-w Pellet prices in the Raipur region declined by INR 300-400/t as assessed on 14 April, as local producers revised their offers downward in response to weakening market fundamentals. The correction follows last week’s price increase, when producers had…