On February 26, SteelOrbis reported that Indian domestic pellet offers were trending at INR 7,400-7,600/mt ($104-107/mt) ex-Raipur. In eastern India, domestic pellet prices reportedly decreased more dramatically to INR 6,500/mt ($92/mt) ex-Durgapur.
Sources inform SteelOrbis that ex-Raipur prices are now reportedly at INR 7,200-7,400/mt ($103-106/mt), and INR 6,500/mt ($93/mt) ex-Durgapur. Durgapur prices are reportedly weaker on soft export demand from the eastern region.
USD = INR 71.01 (Feb 26)
USD = INR 70.08 (Mar 6)