On April 3, SteelOrbis reported that Indian domestic pellet offers were trending at INR 6,000-6,200/mt ($88-91/mt) in ex-Raipur and ex-Durgapur.
Sources inform SteelOrbis that Raipur prices are now reportedly at INR 6,200-6,400/mt ($89-92/mt) ex-works while Durgapur prices remain at INR 6,000-6,200/mt ($86-89/mt) ex-works. Due to currency loss of the INR against the dollar, the Durgapur prices have declined by $2/mt while Raipur prices in central east India have improved by $1/mt.
USD = INR 68.48 (Apr 3)
USD = INR 69.74 (Apr 23)