Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,850/t exw on 23 Jan’24 as compared to 19 Jan’24. Buyers were reluctant to buy at current offers, falling sponge and hike in raw material prices have weighed on pellet prices. However, Sponge (P-DRI) prices remained largely stable w-o-w at INR 26,500/t exw.
