Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,600/t exw on 23 Feb’24 compared to 20 Feb. Deals of around 8,000 t were concluded at INR 10,500-10,700/t exw. Trade volumes have declined on weak market sentiment and buyers are resistant to buy at current offers in the region. However, sponge (P-DRI) prices have increased by INR 700/t w-o-w to INR 26,850/t exw.
