Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,350/t exw on 5 Apr’24 compared to 2 Apr. Notably, deals of around 37,000 t of pellet booked at INR 10,100-10,500/t exw in the publishing window. Active trade activities and rise in sponge prices in the region kept pellet prices supported. In addition, sponge (P-DRI) prices recorded significant rise of INR 1,400/t w-o-w to INR 27,200/t exw today.
