India: Pellet prices edge down in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary inched down to INR 8,900/t exw on 13 Sept’22 as against INR 9,000/t on 9 Sept, as per SteelMint assessment.

• Confirmed deals of 18,000 t were recorded in this publishing window at around INR 8,800-8,900/t exw.
• Pellet-based sponge iron, P-DRI, prices moved up to INR 32,650/t exw against INR 32,500/t on 9 Sept’22.