Indian domestic pellet prices trend down

Monday, 05 August 2019 21:35:47 (GMT+3)   |   San Diego

On July 30, SteelOrbis reported that Indian domestic pellet offers were trending at INR 6,800-7,000/mt ($99-102/mt) ex-works Raipur (east-central India).

Sources inform SteelOrbis that prices have dipped domestically with prices now at INR 6,500-6,800/mt ($92-96/mt) ex-works Raipur. Prices decreased $7/mt from the bottom of the range and $6/mt from the top of the same range. Prices in eastern India also reportedly trended down in the past week and are averaging at INR 6,000/mt ($85/mt) ex-works Durgapur.

USD = INR 68.87 (Jul 30)

USD = INR 70.90 (Aug 5)

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