There is no other option left and Iron Pellets buying has to continue even after almost all the major manufacturers across the country have been lifting offers at a stretch as iron ore supply is poor.
In Barbil, Iron Pellets prices add Rs 200/MT more today to last offers of Rs 8,700/MT as producers were able to take bookings at Rs 8,800/MT the last day and expect trades at Rs 8,900/MT further.
Consumers of Iron Pellets have now come down in terms of quantity while lifting up of the material i.e. from three to four rakes to a couple of them.
Market is not going to accept any hike in prices and even manufacturers being aware of it are not planning to make a big increase in offers, already standing at high levels.
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