India: Raipur mills raise pellet offers by up to INR 500/t ($7/t)

Raipur-based pellet producers have raised offers by INR 500/t today. The current offer for Fe 64/63% pellet stands at INR 14,500/t ($189/t) exw from INR 14,000/t ($182/t) on 4 Mar’22. Recovery in exports amidst higher global prices and recent trades in the domestic market have pushed up offers, SteelMint notes.