Indian domestic pellet offers tick up

Tuesday, 05 February 2019 23:16:58 (GMT+3)   |   San Diego

On February 4, SteelOrbis reported that Indian domestic pellet offers were trending at INR 6,000-6,200/mt ($84-86/mt) ex-works Raipur and Durgapur.

Sources now inform SteelOrbis that prices have increased to INR 6,100-6,300/mt ($85-88/mt) ex-works in both regions. Ex-Durgapur prices encountered the largest gain in the past two weeks as a result of export support. Prices have increased by $1/mt from the bottom of the previous range and $2/mt from the top of the same range.

USD = INR 71.71 (Feb 4)

USD = INR 71.54 (Feb 5)

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