Raipur-based pellet makers have reduced their pellet offers for Fe 63% (+/- 0.5%) by INR 800/t ($10/t) to INR 9,900-10,000/t ($119-120/t) exw-Raipur today. The continuous drop in sponge prices along with a sharp fall in Odisha pellet prices post-OMC auction weighed on pellet offers in the region.
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