India: Pellet prices in Bellary inch down despite sponge price recovery

Iron ore pellet (Fe 63%) prices in Bellary decrease to INR 10,100/t exw today against INR 10,250/t on 15 Feb, as per SteelMint’s assessment.

• Confirmed deals for 13,500 t were confirmed in this publishing window at around INR 10,000-10,200/t exw.
• Pellet-based sponge iron, P-DRI, prices moved up to INR 33,600/t exw against INR 32,500/t on 15 Feb.