Tag: Raipur pellet offers rises

Raipur-based pellet producers raised their offers for Fe 63/63.5% (+/-0.5%) material by INR 200/t ($2/t) to INR 10,200-10,500/t ($116-119/t) exw recently. However, some deals were concluded at the previous offers. Offers were raised following a hike in sponge iron (PDRI) and semi-finished steel prices. PDRI increased by INR 1,150/t w-o-w to INR 24,350/t exw-Raipur yesterday.