India: Raipur mills raise domestic pellet offers by up to INR 1,300/t ($17/t)

Raipur-based pellet producers have raised offers by INR 1,300/t today. The current offer for Fe 64-63% pellet stands at INR 14,000/t ($184/t) exw as against INR 12,700/t ($167/t) on 1 Mar’22. Recovery in exports amidst higher global prices, active enquiries from the EU and recent trades in the domestic market have pushed up offers, SteelMint notes.