Central India: Pellet offers in Raipur drop by INR 500 ($7)

Raipur based pellet makers have lowered their offers for pellets by INR 500/t today, SteelMint gathered from sources. The current offer for pellets (Fe 63%) stands at INR 8,300/t ex-Raipur. India produces nearly 65-70 mn t pellets annually out of which share of Chhattisgarh is nearly 6-7 mn t.