Raipur-based pellet makers reduced their offers for Fe 62.5/63% (+/_0.5%) material by INR 200/t ($2.5/t) to INR 9,300-9,500/t ($107-109/t) exw today. The recent drop m-o-m in OMC base prices for the May auction and competitive tags from Odisha led to a fall in Raipur’s pellet offers. Some deals were also concluded from outside Raipur in the last couple of days, sources informed BigMint.
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