Barbil (Odisha) based pellet makers have raised pellet offers by INR 300-400/t on resumed buying interest, market participants shared with SteelMint. The current assessment for Fe 63% grade pellet stands at INR 11,400-11,800/t (loaded to the wagons). The hike in iron ore lump offers of INR 500 announced recently by Essel Mining along with resumed pellet buying interest by eastern India-based mill have resulted in a hike in offers. Lump offer was increased due to tight supplies as EC limit of few small merchant miners got exhausted.
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