“Pellet prices in India to come down soon”- Reports

Indian pellets prices might correct up to Rs 500-800/t reported market participants to a survey conducted by SteelMint.

Falling sponge prices,widening price difference between pellet sponge and iron sponge and way cheaper offers from private miners in Odisha will weigh on pellet prices.

There is scope of correction said most of sponge manufacturers based across India as raw material used is quite cheap and easily available.