Pellet (Fe63%) prices in Bellary, Karnataka fell by INR 100/t to INR 10,300/t exw on 21 Jun’24 compared to 18 June. 4,000 t of deals were concluded at INR 10,100-10,500/t. Lower bids from buyers and a downtrend in iron ore prices weighed down pellet prices in Bellary. Meanwhile, sponge iron (P-DRI) prices decreased by INR 550/t w-o-w to INR 26,500/t exw today.
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