On June 5, SteelOrbis reported that Indian domestic pellet offers were trending at INR 6,900-7,000/mt ($99-101/mt) ex-works Raipur.
Sources inform SteelOrbis that the price has narrowed to INR 6,600-6,800/mt ($95-98/mt) ex-works Raipur. Prices decreased $4/mt from the bottom of the range previous range and $3/mt from the top of the same range. A source attributed the decline to continued weak demand.
USD = INR 69.41 (Jun 5)
USD = INR 69.47 (Jun 18)