On August 29, SteelOrbis reported Indian domestic pellet offers up at INR 8,600-8,700/mt ($122-123/mt) ex-Raipur.
According to sources close to SteelOrbis, the domestic pellet offers continue their ascent and are now reportedly at INR 9,800-10,100/mt ($136-140/mt) ex-works Raipur, “a high level that has not been achieved since around June and July 2012.” The prices increased $14/mt from the bottom of the previous range and $17/mt from the top of the same range.
USD = INR 70.58 (Aug 29)
USD = INR 71.93 (Sep 14)