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India: PELLEX falls by INR 200/t ($2/t) post decline in OMC iron ore auction bids

Source: BigMint May 26, 2026 09:00

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Raipur producers reduce offers by INR 200/t. ponge iron and billet prices continue to drop

PELLEX, bi-weekly domestic pellet (Fe 63%) index for Raipur, dropped by INR 200/t to INR 9,600/t ($98/t) DAP on 19 May (Tuesday) against 15 May. BigMint recorded a few deals totalling around 10,000 t, concluded at INR 9,500/t ($97/t) exw-Raipur by local producers. Although buying activity remained limited amid

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