Bellary iron ore pellet (Fe 63%) prices are at INR 11,400-11,500/t against INR 11,000/t on 10 Sept’21. Prices have increased amid a sharp hike in sponge iron offers in Bellary.
- Confirmed deals of about 29,000 t were recorded at around INR 11,300-11,500/t exw.
- Deals of about 3,000 t were reported at INR 11,600/t exw.
- P-DRI prices rose to INR 30,000/t exw versus INR 28,700/t a week ago.
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