SteelMint in conversation with market participants learned that Raipur (central India) based pellet manufacturers have decreased their offers further today by INR 300/MT. Current offers for Fe 63% grade to INR 6,200/MT (ex-Raipur, GST extra) as against last assessment at INR 6,500/MT. Few major pellet makers have lowered offers.
They have cut the offer twice in a week and down pellet by INR 600/MT.
P-DRI prices in Raipur down sharply yesterday by INR 450/MT W-o-W to 15,750/MT against last week assessment at INR 16,200/MT.
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