Godawari Power and Ispat Ltd (GPIL) has increased domestic pellet offers by INR 500/t ($7/t) to INR 10,300/t exw ($136/t) from INR 9,800/t ($130/t) on 30 Nov’21. Slight renewal in buying interest in the export market and DR-CLO (iron ore lumps used for pellet production) despatch issues from NMDC’s Chhattisgarh mines have lifted domestic offers, SteelMint notes.
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