India: Bellary pellet prices stable in recent deals

Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,650/t exw on 8 Mar’24 compared to 5 Mar. Deals of 11,000 t were concluded at INR 10,600-10,700/t exw kept pellet prices supported. However, sponge (P-DRI) prices fell by INR 300/t w-o-w to INR 26,650/t exw today against the last week price.