India: Bellary pellet prices fall by INR 300/t

SteelMint’s assessment for Bellary iron ore pellet (Fe 63%) stands at INR 13,000/t exw as against the previous assessment of INR 13,300/t exw on 27 Jul’21.

• Confirmed trade for about 12,000 t of pellets was concluded at around INR 13,000/t exw in the last couple of days.
• SteelMint’s assessment for Bellary P-DRI stands largely stable for the week at INR 29,100/t exw.