Tag: sponge iron market trend

India: PELLEX increases by INR 300/t ($3.5/t) amid moderate trades; market eyes OMC auction outcome

Aug 19, 2025

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by

Nidhi Awasthi

in Pellets

Shortage of iron ore supports pellet prices Billet prices increase by INR 250/t w-o-w Pellet prices in the Raipur region continued their uptrend this week, supported by tight availability of iron ore fines and a recent hike in OMC’s base prices. Price movements, trades PELLEX, BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by…