Raipur-based pellet producers hiked their offers for Fe 62/63% (+/_0.5%) material by INR 200/t ($2.5/t) to INR 8,900-9,000/t ($105-106/t) exw. Active trades of approximately 150,000 t were concluded last week by local sellers, amid expectations of higher seasonal demand during the monsoon. Meanwhile, no trades have been recorded at the revised prices so far.
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