Date: 12 April 2019 , 16:13
News ID: 4344

India: Raipur Based Pellet Makers Raise Offer

Amid recently concluded pellet export deals along with decent bookings made in the domestic market, Raipur based pellet makers have raised offers today.
India: Raipur Based Pellet Makers Raise Offer

SteelMint in conversation with market participants learned that Raipur based pellet makers raised its offer by INR 100/MT to INR 6,200/MT (ex-Raipur, GST extra) against last assessment made earlier this week at INR 6,100/MT at the beginning of this week.

Earlier this week, Godawari Power & Ispat concluded two export deals of 50,000 MT each for April loading. The deals concluded were around USD 106/MT, FoB India

Also, trade participants reported booking of around 50,000 MT pellets by three major Raipur pellet makers in last floated offer of INR 6,100/MT (Ex-Raipur).

So amid recently concluded export deals and decent bookings last floated offers, central India pellet makers raised offers.

-- Bellary based pellet manufacturers continue to maintain offers on the high side following logistical constraints in iron ore movement. Fe 63% grade pellet offers are learned at around INR 7,200-7,400/MT.

-- Durgapur pellet offers are assessed at around INR 5,900-6,000/MT (GST extra).

source: SteelMint