India: Bellary pellet prices drop in recent deals

SteelMint assesses Bellary iron ore pellet (Fe 63%) prices at INR 11,000 against INR 11,200-11,300/t reported on 7 Sept’21.

• Confirmed deals for about 44,000 t were recorded at around INR 10,800-11,200/t exw-Bellary.
• Deals of about 2,000 t were recorded at around INR 11,300/t exw.
• Pellet prices in Bellary are expected to decline further in the coming days on lower bids.