India: PELLEX falls by INR 100/t ($1/t) amid weak downstream steel market

Source: BigMint Jun 04, 2026 10:00

Local sellers reduce pellet offers by INR 200/t. Poor liquidity, sales pressure weigh on prices

PELLEX, bi-weekly domestic pellet (Fe 63%) index for Raipur, inched down by INR 100/t to INR 9,400/t ($99/t) DAP on 2 June against 29 May. Deals for around 15,000 t of pellets were concluded by local pellet producers at INR 9,200-9,400/t exw in this publishing window. Raipur pellet prices declined

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