India: Bellary pellet prices fall in recent deals

Bellary iron ore pellet (Fe 63%) prices dropped to INR 10,000-10,200/t as against INR 10,450/t assessed on 30 Nov.

• Confirmed deals for 5,000 t were recorded at around INR 10,200-10,300/t exw.
• Pellet-based sponge iron P-DRI prices fell to INR 27,000/t exw against INR 28,700/t on 30 Nov.
• Pellet prices fell for the week and are expected to witness the similar trend in the near term.