Godawari Power and Ispat Ltd. (GPIL) has increased pellet offers for Fe 63.5% and Fe 66% (+/-0.5) by INR 400/t ($5/t) to INR 10,100/t ($121/t) and INR 11,600/t ($139/t) exw-Raipur, respectively. Other producers, too, recently raised prices by INR 400/t ($5/t) to INR 9,800/t ($117/t) exw. The sudden spike in sponge iron and finished steel offers has led to the hike in pellet prices.
