India: Bellary pellet prices drop in recent deals

Bellary iron ore pellet (Fe 63%) prices have dropped to INR 12,150/t as against INR 12,600/t assessed on 26 Oct’21.

• Deals for 10,000 t were heard at INR 12,200/t exw.
• Another trade for about 5,000 t (Fe 65%) was concluded at INR 13,450/t exw.
• P-DRI prices fell to INR 33,600/t exw-Bellary against INR 33,700/t on 26 Oct.