Lloyds raises iron ore and pellet offers by ₹250/t
pre-market1 source ↓written by the desknot a recommendation
- and pellet offers
- ₹150/t
- effective 1 October
- ₹250/t
- ex-Chandrapur
- ₹11,750/t
- Raipur offers
- ₹7,650/t
Lloyds Metals and Energy has increased iron ore fines offers by ₹150/t and pellet offers by ₹250/t effective 1 October in Chandrapur, Maharashtra. This adjustment comes amid monsoon disruptions affecting supply and reflects stronger demand due to improved sponge iron realizations.
• Pellet offers now at ₹11,750/t ex-Chandrapur
• Fines FOR Raipur offers around ₹7,650/t
This price hike may impact raw material costs for steel producers.
Not investment advice. For informational purposes only.