On August 23, SteelOrbis reported Indian domestic pellet offers up at INR 8,100-8,200/mt ($115-117/mt) ex-Raipur region (central east India).
Sources inform SteelOrbis that domestic Indian pellet offers have since increased to INR 8,600-8,700/mt ($122-123/mt) ex-Raipur and are also up in Durgapur (north east India) at INR 7,900-8,100/mt ($112-115/mt) ex-works. Ex-Raipur prices increased $7/mt from the bottom of the previous range and $6/mt from the top of the same range.
USD = INR 70.23 (Aug 23)
USD = INR 70.58 (Aug 29)