India: Bellary pellet prices drop in recent deal

SteelMint assesses Bellary iron ore pellet (Fe 63%) prices at INR 12,300/t exw, lower by INR 200/t compared to the last assessment of INR 12,500/t on 17 Aug’21.

• Confirmed deals of about 3,000 t of pellets were recorded at INR 12,200/t exw-Bellary.
• SteelMint’s assessment for Bellary pellet sponge (P-DRI) decreased to INR 29,650/t exw as against INR 29,950/t on 17 Aug.