On February 20, SteelOrbis reported offers for pellets (6-20 mm, Fe 63 percent) in the Indian domestic market trended down to INR 6,800-6,900/mt ($105-106/mt) ex-warehouse Raipur.
According to sources, prices have declined INR 200 to INR 6,600-6,700/mt ($102-103/mt) ex-warehouse Raipur. In dollar terms, prices decreased $3/mt over the past two weeks.
USD = INR 64.89 (Feb 20)
USD = INR 64.86 (Mar 6)