Pellet (Fe 63%) prices in Bellary, Karnataka inched down by INR 50/t to INR 10,600/t exw on 1 Mar’24 compared to 27 Feb. A deal of around 2,000 t was concluded at INR 10,600/t exw. Subdued demand has lowered trade volumes keeping pellet prices under pressure in the region. However, sponge (P-DRI) prices have increased by INR 100/t w-o-w at INR 26,950/t exw.
