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).