Pellet (Fe63%) prices in Bellary, India, remained stable at INR 10,200/t ($121/t) exw on 26 Nov’24 compared to 22 Nov. Deals of around 15,500 t were concluded at INR 10,200-10,300/t ($121-122/t) exw. Pellet producers kept offers unchanged, which prompted moderate trading activity, as buyers had already locked in purchases at previous prices. Notably, sponge PDRI prices dropped INR 200/t ($2/t) w-o-w to INR 25,500/t ($303/t) exw.
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