India: Raipur pellet offers rise by INR 300-400/t ($4-5/t)
Raipur-based pellet makers have raised their offers for Fe 63%(+/_0.5%) by INR 300-400/t ($4-5/t) to INR 8,900-9,000/t ($106-107/t) exw-Raipur today, with deals of around 20,000-25,000 t concluded at the revised prices. The recent increase in Odisha's pellet prices following OMC's auction and improved market sentiment in the sponge and finished steel segments have bolstered pellet prices in the Raipur region.