Pellet (Fe63%) prices in Bellary, India, increased by INR 100/t ($1/t) to INR 10,350/t ($123/t) exw on 8 Nov’24 compared to 5 Nov. Deals of around 20,000 t were concluded at INR 10,350-10,500/t ($123-124/t) exw. Pellet offers increased amid the recent improvement in sponge iron and finished steel prices. Notably, sponge PDRI prices rose by INR 500/t ($6/t) d-o-d to INR 26,800/t ($318/t) exw.
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