India: Bellary pellet prices decrease in recent deals

SteelMint’s assessment for iron ore pellet (Fe 63%) prices in Bellary decreased to INR 9,600/t today against INR 10,550/t assessed on 17 Dec.

• Confirmed deals for 9,000 t were recorded in this publishing window at around INR 9,500-10,300/t exw.
• Pellet-based sponge iron, P-DRI, prices fell to INR 27,800/t exw against INR 28,550/t on 17 Dec.