Raipur-based pellet producers reduced offers for Fe 62\/63% (+\/-0.5%) material by INR 300\/t ($3\/t) to INR 10,300-10,400\/t ($119-120\/t) exw. The reduction was fuelled by lower demand and a fall in sponge iron-PDRI prices by INR 500\/t ($5\/t) w-o-w to INR 25,800\/t ($272-273\/t) exw. Furthermore, competitive offers from Odisha and a slower recovery in pellet demand compared to lumps also pushed pellet producers to reduce offers.<\/p>\n","protected":false},"excerpt":{"rendered":"
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