India: Bellary pellet prices fall in recent deals

Iron ore pellet (Fe 63%) prices in Bellary have inched down to INR 10,900/t exw, lower by INR 400/t against the beginning of this week.

• Confirmed deals for around 21,000 t were heard at INR 10,800-11,000/t exw.
• Sponge iron, P-DRI, prices fell to INR 29,300/t exw, lower by INR 1,100/t w-o-w
• Pellet prices are expected to drop in the near term.