On March 6, SteelOrbis reported that Indian domestic pellet offers were trending at INR 7,200-7,400/mt ($103-106/mt) ex-Raipur.
Sources inform SteelOrbis that over the past week domestic pellet offers have declined to INR 6,300-6,600/mt ($91-96/mt) ex-Raipur, down $12/mt from the bottom of the range and $10/mt from the top of the same range.
USD = INR 70.08 (Mar 6)
USD = INR 68.97 (Mar 15)