Raipur-based pellet producers reduced their offers for 62.5\/63% (+\/-0.5%) grade pellets by INR 400\/t ($4\/t) to INR 8,700-8,800\/t ($92-93\/t) exw yesterday. Pellet prices fell to around a one-year low, matching levels last seen in Jul’25. The decline was driven by inventory pressure, with steelmakers remaining cautious and showing a preference for iron ore lumps. Weak steel margins and subdued steel sales also pressured pellet demand.<\/p>\n","protected":false},"excerpt":{"rendered":"
Raipur-based pellet producers reduced their offers for 62.5\/63% (+\/-0.5%) grade pellets by INR 400\/t ($4\/t)…<\/p>\n","protected":false},"author":1,"featured_media":68588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-68587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=1280%2C720&ssl=1?v=1781940825",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?resize=150%2C150&ssl=1?v=1781940825",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=300%2C169&ssl=1?v=1781940825",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=640%2C360&ssl=1?v=1781940825",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=640%2C360&ssl=1?v=1781940825",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=1280%2C720&ssl=1?v=1781940825",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=1280%2C720&ssl=1?v=1781940825",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?resize=1115%2C715&ssl=1?v=1781940825",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?resize=800%2C500&ssl=1?v=1781940825",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=1024%2C576&ssl=1?v=1781940825",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?resize=540%2C340&ssl=1?v=1781940825",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?resize=400%2C250&ssl=1?v=1781940825",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-67-2.jpg?fit=1280%2C720&ssl=1?v=1781940825","jetpack-related-posts":[{"id":60186,"url":"https:\/\/biztrend24.com\/?p=60186&lang=en","url_meta":{"origin":68587,"position":0},"title":"India: Mills raise pellet offers by INR 300\/t ($3\/t) in Raipur, Chhattisgarh","author":"Biz Trend 24","date":"March 10, 2026","format":false,"excerpt":"Raipur-based pellet producers raised offers for Fe 62\/63% (+\/-0.5%) material by INR 300\/t ($3\/t) to INR 11,000\/t ($119-120\/t) exw. The increase was supported by around INR 1,600\/t w-o-w and INR 400\/t today in sponge offers on steady demand from domestic pellet buyers, and downstream steel prices. Additional backing came from\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121425.082.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121425.082.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121425.082.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121425.082.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121425.082.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":68564,"url":"https:\/\/biztrend24.com\/?p=68564&lang=en","url_meta":{"origin":68587,"position":1},"title":"BigMint’s daily trade sheet – 19 Jun’26","author":"Biz Trend 24","date":"June 20, 2026","format":false,"excerpt":"PELLEX, BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, decreased by INR 400\/t to INR 8,900\/t ($94\/t) DAP. BigMint recorded nearly 140,000 tonnes of pellet transactions were concluded by Raipur-based pellet producers over the last couple of days at INR 8,700-8,800\/t exw. India's sponge iron market remained under pressure\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-58-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-58-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-58-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-58-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-58-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":53402,"url":"https:\/\/biztrend24.com\/?p=53402&lang=en","url_meta":{"origin":68587,"position":2},"title":"India: Jindal SAW raises iron ore pellet offers by INR 300\/t ($3\/t)","author":"Biz Trend 24","date":"January 8, 2026","format":false,"excerpt":"Jindal SAW has raised iron ore pellet (Fe63%) offers by INR 300\/t ($3\/t) to INR 10,600\/t ($118\/t) DAP Kandla, effective 07 Jan'26, amid strengthening downstream steel market and active trades have been heard so far at previous offers. Billet prices in Ahmadabad increased by INR 500\/t ($6\/t) w-o-w to INR\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T124045.479.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T124045.479.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T124045.479.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T124045.479.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T124045.479.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":61579,"url":"https:\/\/biztrend24.com\/?p=61579&lang=en","url_meta":{"origin":68587,"position":3},"title":"India: Pellet makers reduce offers by INR 300\/t ($3\/t) in Raipur, Chhattisgarh","author":"Biz Trend 24","date":"March 29, 2026","format":false,"excerpt":"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. 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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. 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Market participants indicated that while transactions were\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68587"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68587\/revisions"}],"predecessor-version":[{"id":68589,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68587\/revisions\/68589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/68588"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}