On February 6, SteelOrbis reported offers for pellets (6-20 mm, Fe 63 percent) in the Indian domestic market sliding to INR 7,000-7,100/mt ($109-111/mt) ex-warehouse in the Raipur region.
Sources inform SteelOrbis that the region is encountering limited buying interest and that prices are reportedly trending stable week-on-week at INR 7,000-7,100/mt ($109-110/mt) ex-warehouse Raipur.
USD = INR 64.15 (Feb 6)
USD = INR 64.27 (Feb 13)