India: Bellary pellet prices drop on subdued demand

SteelMint’s assessment for Bellary iron ore pellet (Fe 63%) stands at INR 12,900/t, exw, lower by INR 150/t compared to the last assessment on 22 Jun’21.

  • Offers for Fe 63% pellet are heard at around INR 12,900-13,100/t, exw-Bellary.
  • Deals for about 15,000 t have been confirmed in the last couple of days.
  • NMDC has floated offers for 42,000 t of pellets (Fe 63.5%) at INR 12,200/t on FoT basis.

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