Tag: sponge iron price hike

India: Raipur-based producers raise pellet offers by INR 100/t ($1/t)

Jan 5, 2026

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by

Adarsh Sahu

in Pellets

Raipur-based pellet producers have increased offers for Fe 62.5% (+/-0.5) pellets by INR 100/t ($1/t) to INR 9,500-9,600/t ($105-106/t) exw. A sudden spike in billet and steel offers led to the rise in pellet prices. To illustrate, Raipur’s sponge iron offers increased by INR 1,000-1,100/t against 31 Dec’25.