Tag: OMC iron ore auction

India: PELLEX drops INR 250/t ($2.5/t) as suppliers reduce offers

Sep 25, 2026

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by

Adarsh Sahu

in Pellets

Weak buyer inquiries weigh on prices Raipur pellet makers cut INR 200/t PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63% +/- 0.5%) index for Raipur registered a decline of INR 250/t to INR 11,000/t DAP Raipur on 25 September 2026 against 22 September. Raipur pellet prices declined as weak buying interest and softer steel realisations reduced…