India: Pellet prices in Bellary inch up in latest deals

Iron ore pellet (Fe 63%) prices in Bellary rose to INR 11,100/t exw today against INR 10,400/t on 28 Jan, as per SteelMint’s assessment.

• Confirmed deals for 7,000 t were recorded since the end of last week at INR 10,900-11,200/t exw.
• Pellet-based sponge iron, P-DRI, prices moved up to INR 35,000/t exw against INR 33,800/t on 28 Jan.