India: Bellary pellet offers remain stable in recent deals

SteelMint assesses Bellary iron ore pellet (Fe 63%) prices at INR 11,600-11,700/t exw-stable compared to the last assessment on 27 Aug’21.

• Confirmed deals of about 5,000 t were recorded at around INR 11,600/t exw-Bellary.
• SteelMint’s assessment for Bellary pellet sponge (P-DRI) decreased to INR 28,250/t exw as against INR 29,100/t on 24 Aug.
• Pellet prices are expected to decline this week as bids were heard hovering at around INR 11,300/t, market participants informed.