India: Bellary pellet prices edge down in recent trades

SteelMint assesses Bellary iron ore pellet (Fe 63%) prices at INR 11,600-11,700/t exw, down compared to the last assessment of INR 11,900-12,100/t on 24 Aug’21. The market has witnessed a downtrend owing to a drop in sponge prices resulting in a reduction in pellet prices.

• Confirmed deals of about 7,000 t were recorded at INR 11,600-11,900/t exw-Bellary.
• SteelMint’s assessment for Bellary pellet sponge (P-DRI) decreased by INR 1,050/t to INR 28,600/t exw as against INR 29,650/t on 20 Aug.