India: Pellet prices range bound in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary, Karnataka remained range bound at INR 9,900/t exw today, as per SteelMint’s assessment.

• Confirmed deals of 4,000 t were recorded in this publishing window at around INR 9,900/t exw.
• Pellet-based sponge iron, P-DRI, prices moved down to INR 33,950/t exw against INR 34,150/t on 19 July. The market is down due to lower demand and rainfall.