India: PELLEX inches up by INR 250/t amid higher sponge iron, billet prices despite cautious buying

Source: BigMint Sep 17, 2026 10:00

Pellet sellers raise offers by INR 200-300/t amid firm market sentiment. Buyers resist procuring at current prices, explore alternative options

PELLEX, bi-weekly domestic pellet (Fe 63% +/- 0.5%) index for Raipur rose to INR 11,250/t DAP Raipur on 15 September 2026 from INR 11,000/t on 11 September. The increase was driven by firmer market sentiment, with sellers raising offers by around INR 200-300/t to INR 11,000-11,100/t. Firm sponge iron and

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