Central India Pellet Makers Lower Offers After NMDC Price Cut

SteelMint in conversation with market participants learned that Raipur (central India) based pellet manufacturers have decreased their offers by INR 200/MT today (i.e 19th Sept'19). Current offers for Fe 63% grade stands at INR 6,000/MT (ex-Raipur, GST extra) as against last assessment at INR 6,200/MT last week. Limited trades were reported at last offers of INR 6,200/MT (ex-Raipur).

Today (19th Sept'19), NMDC (C.G) lowered iron ore fines and lumps price by INR 200/MT and INR 230/MT in DRCLO.

Current P-DRI prices in Raipur decreased by INR 100/MT W-o-W to 16,500/MT (ex-Raipur) against INR 16,600/MT a week ago.