Raipur-based pellet producers have increased offers for Fe 62.5% (+/-0.5) pellets by INR 100/t ($1/t) to INR 9,300-9,400/t ($104-105/t) exw. Meanwhile, producers such as Godawari have recently raised prices by INR 100/t ($1/t) to INR 9,500/t ($104/t) and 10,700/t ($119/t) exw for Fe 62.5% and Fe 64.5%, respectively. The sudden spike in sponge iron and finished steel offers led to the hike in pellet prices.
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