Godawari Power and Ispat raises domestic pellet offers by INR 300/t ($4/t)

Godawari Power and Ispat Ltd (GPIL) has increased domestic pellet offers by INR 300/t ($4/t) to INR 8,500/t exw ($107/t) from INR 8,200/t ($104/t) seen towards the end of June. Meanwhile, offers from other Raipur-based pellet producers are assessed at INR 8,200-8,300/t ($104-105/t) exw. A hike in sponge iron prices on seasonal constraints led to the rise in pellet offers, SteelMint notes.