India: Pellet prices inch down in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary inched down to INR 9,900/t exw today as against INR 10,000/t on 15 July, as per SteelMint assessment.

• Confirmed deals of 18,500 t were recorded in this publishing window at around INR 9,800-9,900/t exw.
• Pellet-based sponge iron, P-DRI, prices moved down to INR 34,150/t exw against INR 34,900/t on 15 July. The market is down due to lower demand and rainfall.