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Tag: Raipur pellet offers fall

  • India: Raipur pellet offers drop by INR 300-400/t ($4-5/t)

    India: Raipur pellet offers drop by INR 300-400/t ($4-5/t)

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    by

    Nikita Shukla
    in

    Raipur-based pellet makers have cut their pellet offers for Fe 63%(+/-0.5%) by INR 300-400/t ($4-5/t) to INR 8,800-8,900/t ($105-106/t) exw-Raipur today. Drop in sponge iron prices and fallen bids in OMC auction last week have influenced pellet producers to reduce their pellet offers. However, outside Raipur pellet offers also keeping the market competitive.