Iron ore pellet (Fe 63%) prices in Bellary moved up to INR 9,800/t exw today as against INR 9,400/t on 5 July, as per SteelMint assessment. Prices have hit over a month-high since end-May’22.
- Confirmed deals of 5,500 t were recorded in this publishing window at around INR 9,200-9,800/t exw. Low iron ore inventory amidst awaited clarity on sales and limited fresh supply kept pellet demand supported.
- Pellet-based sponge iron, P-DRI, prices stood at INR 34,400/t exw as against INR 34,000/t on 5 July.
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