India: Pellet prices range bound in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary, Karnataka remained range bound at INR 10,000/t exw today, as per SteelMint’s assessment.

• Confirmed deals of 12,000 t were recorded in this publishing window at around INR 9,900-10,000/t exw.
• Pellet-based sponge iron, P-DRI, prices inched down to INR 34,900/t exw against INR 35,050/t on 12 July. The market is slightly down due to lower demand and rainfall.