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

Raipur (central India) based pellet manufacturers have decreased offers today (i.e 13th May) by INR 200/MT. Current offers for Fe 63% grade stands at INR 5,700/MT (ex-Raipur, GST extra) as against last offers of INR 5,900/MT (ex-Raipur, GST extra). However, no deal has been concluded so far by Raipur based pellet makers.

This price cut has followed the NMDC iron ore price cut made at the end of last week. NMDC (C.G) had also decreased iron ore fines and lump prices by INR 400/MT and DR CLO by INR 470/MT.

SteelMint P-DRI assessment (May 13, 2020) at INR 14,900/MT (Ex-plant) as against the last assessment on 8th May at INR 15,600/MT(Ex-plant).

Yesterday, SteelMint reported it's PELLEX moved down by INR 250/MT to INR 5,700/wmt (DAP Raipur) for this publishing window owing to the recent decline in NMDC iron ore prices.