India: Mills raise pellet offers by INR 300/t ($3/t) in Raipur, Chhattisgarh
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 NMDC's price revision for March sales, where prices for fines and lumps were raised by INR 50-100/t.