Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,750/t exw on 6 Feb’24 compared to 2 Feb. Deals of around 20,000 t were concluded at INR 10,800/t exw. As per sources, a few plants are cutting steel production due to poor market sentiment. Meanwhile, sponge (P-DRI) prices decreased by INR 400/t w-o-w to INR 26,250/t exw.
