India: Raipur-based producers raise pellet offers by INR 100/t ($1/t)
Raipur-based pellet producers have increased offers for Fe 62.5% (+/-0.5) pellets by INR 100/t ($1/t) to INR 9,400-9,500/t ($105-106/t) exw. Producers such as Godawari have kept offers at INR 9,500/t ($105/t) for Fe 62.5%. Meanwhile, Raipur billet offers also recorded an increase of INR 1,400/t d-o-d on 29 Dec. The sudden spike in sponge iron and semi-finished steel offers led to the hike in pellet prices.
