Tag: pellet market trends

Raipur-based pellet producers raised offers for Fe 62/63% (+/-0.5%) material by INR 300/t ($3/t) to INR 11,000/t ($119-120/t) exw. The increase was supported by around INR 1,600/t w-o-w and INR 400/t today in sponge offers on steady demand from domestic pellet buyers, and downstream steel prices. Additional backing came from NMDC’s price revision for March…