India: Bellary pellet prices drop to two-month low

SteelMint’s assessment for Bellary iron ore pellet (Fe 63%) stands at INR 12,400-12,500/t, exw, lower by INR 100/t compared to the last assessment on 29 Jun’21.

• Offers for Fe 63% pellets are heard at around INR 12,200-12,500/t, exw-Bellary.
• A confirmed trade was heard for 3,000 t which was concluded at INR 12,500/t, exw.