Indian domestic pellet offers have been heard to be stable for the past week across the country. The prices have been stable due to low inquiries and smaller deals.
In East India Durgapur based pellet maker have reported no major change in prices over last week with smaller deals. The current offers are at INR 5,200/MT.
Central Indian, Raipur based pellet makers are in the wait and watch mode and are holding offers at INR 5,700-5,800/MT maintaining the status quo as a week ago.
Gujarat based pellet maker – Jindal SAW last concluded deals were at INR 6,600/MT for Fe 63% pellets after which it has raised offers to INR 6,800/MT however no deals were reported yet.
Indian Pellet Prices as on 29th Aug’17
| City |
Grade (Fe %) |
Basic Prices in INR/MT |
| Jamshedpur |
63 |
4,700-4,800 |
| Durgapur |
63 |
5,200 |
| Raipur |
63 |
5,700-5,800 |
| Bellary |
63 |
6,800 |
| Kandla* |
63 |
6,600-6700 |
| Barbil |
63 |
4,800 |
| Jharsuguda |
63 |
5,300 |
*delivered
Prices (GST extra) mentioned are for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
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