India: Bellary pellet prices up in recent transaction

SteelMint’s assessment for Bellary iron ore pellet (Fe 63%) stands at INR 13,300/t exw, up by INR 300/t against the previous assessment on 23 Jul’21.

• A confirmed trade for about 10,000 t of pellets was concluded at around INR 13,300/t exw a couple of days back.
• Current offers are assessed at INR 13,300-13,500/t exw. A few trader sources highlighted that a couple of producers are expected to undergo maintenance shutdown in the coming days.
• SteelMint’s assessment for Bellary P-DRI decreased by INR 200/t today to INR 29,100/t exw.