Raipur-based pellet producers raised offers for Fe 62/63% (+/-0.5%) material by INR 200/t ($2-3/t) to INR 10,700-10,800/t ($115-116/t) exw. The increase in pellet prices was followed by a hike of INR 450-550/t ($5-6/t) in iron ore prices by NMDC Chhattisgarh and Lloyds Metals for Apr’26 delivery. Sponge PDRI prices in Raipur increased by INR 1,450/t ($16/t) w-o-w to INR 27,250/t ($293/t) exw, supporting pellet prices.
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