India: Bellary pellet prices drop by INR 400/t ($5) in recent deals

SteelMint’s assessment for Bellary iron ore pellet (Fe 63%) stands at INR 12,500/t, exw, lower by INR 400/t compared to the last assessment on 25 Jun’21.

• Offers for Fe 63% pellet are heard at around INR 12,500-12,650/t, exw-Bellary.
• A confirmed trade was heard for 1,000 t pellet which was concluded at INR 12,500/t, exw.
• Decline in P-DRI prices have lowered bids for pellet.