India: Domestic Pellet Offers Down Further Amid Weak Market Fundamentals

Indian pellet offers have decreased further this week further by INR 200-550/MT amid sharp decline in sponge prices, lowered pellet buying interest from China and dull buying interest at current offers.

SteelMint’s current pellet assessment for Durgapur is around INR 6,300-6,500/MT this week against the end of last week’s assessment at INR 6,700/MT. P-DRI prices have also decreased sharply by INR 900/MT to INR 18,400/MT against last week at INR 19,300/MT.

No active offers from Barbil based pellet makers reported this week also.

Central India Pellet makers holding offers amid almost no trade-: Raipur (Central India) based pellet makers have stable offers to INR 7,600/MT (Ex-Raipur) against the last week’s. No deal reported at this level. P-DRI prices are also decreased further sharply by INR 500/MT to INR 19,800/MT against INR 20,300/MT. Major pellet buyers are not interested to buy at this level and are expecting drop in offers soon by around INR 500-700/MT.

Southern India Pellet offers decline marginally amid the decline in sponge prices -

Southern India (Bellary) pellet prices have offers decline marginally to INR 7,200-7,400/MT (basic) this week as against the last week’s assessment at INR 7,300-7,400/MT. P-DRI price decline to INR 19,600/MT against last week assessment INR 20,400/MT.

News No: 4016
Date: 2019/03/14 - 14:58
News Source: SteelMint

India  Domestic Pellet  Durgapur  Bellary 


Leave a Comment:


India: Raipur Pellet Prices Hit 3-Month High

Pellet offers for this week increased sharply in the recently concluded deals. SteelMint’s assessment stands at INR 6,900-7,000/MT (ex-Raipur, GST extra) against last week’s assessment of INR 6,600/MT. Current prices are hovering at 3-month high.

Indian Sponge Iron Prices to Likely to Remain Strong - Manufacturers

Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.

Daily Update: Indian Semis Offers Rise Further

Indian steel prices remain slightly surge by INR 100-400/MT on improved inquiries from the domestic buyers. The mid sized mills have raised Billet prices by INR 100-400/MT, Rebar by INR 100-300/MT & Sponge iron by INR 100-200/MT day on day in major markets.

Imported HRC Prices to India Decline in Recent Booking from Japan

SteelMint in conversation with market participants learned that Indian HRC import prices from Japan reported decline by USD 15-20/MT in recent booking for July shipments.

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.

India: Silico Manganese Prices In Raipur Tread Lower Amid Lacklustre Market

Indian Silico Manganese Prices are under pressure due to various factors as it is highly dependent on the inventory level possessed by the producer and the region they are offering from and also the grade quality.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners