Pellet (Fe 63%) prices in Bellary, Karnataka remained largely stable at INR 10,550/t exw on 10 May’24 compared to 7 May. Deals of around 10,000 t were concluded at INR 10,600-10,700/t in this publishing window. Hike in sponge prices and raw materials have kept supporting bellary prices in the region. Meanwhile, sponge (P-DRI) prices rose by INR 550/t w-o-w at INR 28,750/t exw today.
