India: Pellet prices edge down in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary moved down to INR 9,400/t exw on 30 Aug’22 as against INR 9,600/t on 26 Aug, as per SteelMint assessment.

• Confirmed deals of 2,000 t were recorded in this publishing window at around INR 9,300-9,500/t exw.
• Pellet-based sponge iron, P-DRI, prices dropped to INR 33,000/t exw against INR 33,700/t on 26 Aug’22.