Pellet (Fe 63%) prices in Bellary, Karnataka dropped by INR 100/t to INR 10,300/t exw on 27 Mar’24 compared to 22 Mar. A deal of around 7,000 t pellet concluded at INR 10,200/t exw. Sluggish market sentiment amid festival holidays and drop in NMDC pellet auction base price have weighed on pellet prices in the region.
