India: PELLEX inches down INR 50/t ($0.5/t), trade muted amid bid-offer disparity

Source: BigMint Jun 26, 2025 08:30

Sponge iron, billet prices drop INR 600-750/t w-o-w. No deals in Raipur heard from suppliers in Odisha.

Pellet prices in the Raipur cluster remained rangebound following the recent OMC auction, with trading activity subdued due to weak market fundamentals. Suppliers largely held their offers but buyers continued to stay away from active procurement due to a widening gap between bids and offers, which led to sluggish

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