Raipur-based pellet producers reduced their offers for Fe 63/63.5% (+/-0.5%) material by INR 200/t ($2/t) to INR 10,000-10,300/t ($113-117/t) exw recently. Continuous declines in sponge iron and semi-finished steel prices, along with weakened market dynamics, led to a reduction in pellet offers. Sponge iron (PDRI) prices fell by INR 1,200/t in the last two weeks to INR 23,200/t exw-Raipur.
Leave a Reply