On December 27, SteelOrbis reported Indian domestic pellet offers trending at INR 6,100-6,300/mt ($87-90/mt) ex-Raipur.
Sources inform SteelOrbis that prices remain relatively stable at INR 6,100-6,300/mt ($87-90/mt) ex-Raipur in the central eastern region. Prices also trending stable in dollar terms. A source added that pellet prices in eastern India may be slightly under more downward pressure as a result of lower immediate export demand.
USD = INR 70.13 (Dec 21)
USD = INR 70.23 (Dec 27)
USD = INR 70.01 (Jan 2)