India: Some Raipur pellet producers cut offers by INR 250/t ($3/t)

A couple of Raipur-based pellets producers have decreased their offers (Fe63%) by INR 250/t ($3/t) to INR 8,000-8,100/t ($97-98/t) exw from INR 8,200-8,400/t exw ($100-102/t). Limited deals and lower bids have pulled down offers, as per sources. However, no deals were concluded recently. Meanwhile, Godawari Power and Ispat Ltd (GPIL) kept offers stable at INR 8,500-8,600/t exw ($103-105/t).


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