Godawari Power and Ispat Ltd. (GPIL) has reduced domestic pellet offers by INR 200/t ($3/t) to INR 9,100/t exw ($114/t) from INR 9,300/t ($116/t) which prevailed towards the end of last week. Confirmed deals of 10,000 t were recorded recently at INR 9,100/t exw. Meanwhile, offers from other Raipur-based pellet producers are assessed at INR 8,700-8,800/t ($109-110/t) exw.
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