India: Pellet prices decrease in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary moved down to INR 9,250/t exw on 2 Sept’22 as against INR 9,400/t on 30 Aug, as per SteelMint assessment.

• Confirmed deals of 13,500-15,500 t were recorded in this publishing window at around INR 9,200-9,300/t exw.
• Pellet-based sponge iron, P-DRI, prices inched down to INR 32,950/t exw against INR 33,000/t on 30 Aug’22.