India: Pellet producers in Raipur, Chhattisgarh, raise offers by INR 200/t ($2/t)
Pellet manufacturers in Raipur raised offers for Fe 62.5/63% (+/-0.5%) grade pellets by INR 200/t ($2/t) to INR 9,400-9,500/t ($98-99/t) exw after NMDC increased prices of iron ore fines and lumps by INR 150-200/t last week. Following NMDC’s price hike, pellet offers from Odisha increased. Additionally, the Raipur market witnessed active trade in the last 2 weeks, with deals for around 130,000 t concluded by local producers.
