On March 15, SteelOrbis reported that Indian domestic pellet offers were trending at INR 6,300-6,600/mt ($91-96/mt) ex-Raipur.
According to market sources close to SteelOrbis, Indian domestic pellet prices have declined to INR 6,000-6,300/mt ($87-91/mt) ex-Raipur, down $4/mt from the bottom of the previous range and $5/mt from the top of the same range. Sources report pellet prices in the Durgapur region at INR 5,700-5,900/mt ($83-86/mt) ex-works.
USD = INR 68.97 (Mar 15)
USD = INR 68.89 (Mar 25)