India: Pellet prices in Bellary remain range-bound

SteelMint’s assessment for iron ore pellet (Fe 63%) prices in Bellary remained stable at INR 10,100/t exw today.

• Confirmed deals for 15,000 t were recorded in this publishing window at around INR 10,000/t exw.
• NMDC Donimalai has opened an offer for 24,000 t pellets at INR 9,300/t on FOT basis.
• Pellet-based sponge iron, P-DRI, prices inched up to INR 32,450/t exw against INR 31,850/t on 18 Jan.