India: Bellary pellet prices stable in recent trade

Bellary iron ore pellet (Fe 63%) prices remain largely stable at INR 11,500/t against INR 11,400-11,500/t on 14 Sep’21.

• Confirmed deals of about 12,000 t were recorded at around INR 11,500/t exw.
• P-DRI prices rose to INR 30,200/t exw versus INR 28,850/t a week ago.
• As per market reports by market sources, pellet offers are expected to remain stable next week.