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Tag: pellet market bearish India

  • India: Pellet producers reduce offers by INR 300/t ($3/t) in Raipur

    India: Pellet producers reduce offers by INR 300/t ($3/t) in Raipur

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    by

    Adarsh Sahu
    in

    Raipur-based pellet producers reduced offers for Fe 62/63% (±0.5%) material by INR 300/t to INR 10,400-10,500/t exw, reflecting weakening market sentiment. Decline in pellet prices comes despite an earlier hike of INR 450-550/t in iron ore prices by NMDC Chhattisgarh. Meanwhile, cuts were expected to boost market sentiment and promote greater trade volumes for fresh…