India: Bellary pellet prices continue to head south

Iron ore pellet (Fe 63%) prices in Bellary dropped to INR 10,400-10,500/t as against INR 10,500-10,700/t exw assessed on 23 Nov’21. Prices have fallen amid lower bids and drop in sponge iron prices.

  • Confirmed deals of around 20,000 t were heard at INR 10,600-10,700/t exw.
  • Sponge P-DRI prices fell to INR 28,900/t exw as against INR 29,200/t exw assessed on 23 Nov.

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