India: Pellet prices in Bellary rebound on active trade

Iron ore pellet (Fe 63%) prices in Bellary, Karnataka rebounded by INR 650/t to NR 10,650/t exw today, as per SteelMint’s assessment.

• Deals for 8,000 t were confirmed in this publishing window at around INR 10,700/t exw.
• NMDC has put on offer 28,000 t of pellets (Fe 63%) for sale at INR 9,400/t FOT Donimalai.
• Pellet-based sponge iron, P-DRI, prices moved up to INR 36,800/t exw, up by INR 750/t w-o-w.