India: Pellet prices range bound in Bellary, Karnataka

  • Iron ore pellet (Fe 63%) prices in Bellary, Karnataka remained range-bound at INR 8,450/t exw today, as per SteelMint’s assessment. Tight availability of iron ore has kept pellet demand supported.
  • Confirmed deals of 19,000 t were recorded in this publishing window at around INR 8,300-8,500/t exw. A few deals were concluded from Odisha as well.
  • Pellet-based sponge iron, P-DRI, prices inched down to INR 32,350/t exw against INR 32,400/t on 17 June.

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