Pellet (Fe 63%) prices in Bellary, Karnataka inched up by INR 50/t to INR 10,600/t exw on 20 Feb’24 compared to 16 Feb. Deals of around 30,000 t were concluded at INR 10,500-10,750/t exw. Active trades at the prevailing offers amid rise in sponge prices have supported the pellet prices in the region. Meanwhile, sponge (P-DRI) prices have increased by INR 600/t w-o-w to INR 26,700/t exw.
