Central India: Raipur Based Pellet Makers Lower Offers by INR 200/MT

SteelMint in conversation with market participants learned that major Raipur (central India) based pellet manufacturers have decreased offers today by INR 200/MT.

Current offers for Fe 63% grade stands at INR 6,300/MT (ex-Raipur, GST extra) as against last offers of INR 6,500/MT.

Serajuddin- Odisha's major merchant iron ore mine has decreased iron ore lump offers further for 5-18 mm (Fe 63%) by INR 500/MT today.

SteelMint P-DRI Assessment (Mar 17, 2020) has down to three-months low and also fallen sharply by INR 1,300/MT W-o-W to INR 17,200/MT (Ex-plant) against INR 18,500/MT last week.

source: SteelMint