India: Raipur producers cut pellet offers by INR 300/t ($3/t)
Raipur-based pellet producers reduced their offers for Fe 62.5/63% pellets by INR 300/t ($3/t) to INR 9,100-9,200/t ($96-97/t) ex-works. This correction was driven by sluggish demand and constrained liquidity, which pressured the sellers to revise prices lower. Sponge PDRI prices in Raipur fell by INR 1,100/t ($12/t) m-o-m to INR 24,100/t ($253/t) on 13 June. Meanwhile, pellet export prices also dropped by $9/t m-o-m in June.