Godawari Power and Ispat Ltd (GPIL) has increased domestic pellet offers by INR 300/t ($4/t) to INR 8,800/t exw ($110/t) from INR 8,500/t ($107/t) seen towards the beginning of July. Active deals in previous offers, a hike in sponge iron prices and seasonal constraints led to the rise in pellet offers, SteelMint notes.
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