India: Pellet prices edge down in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary inched down to INR 9,000/t exw on 9 Sept’22 as against INR 9,050/t on 6 Sept, as per SteelMint assessment.

• Confirmed deals of 10,000 t were recorded in this publishing window at around INR 8,900-9,000/t exw.
• Pellet-based sponge iron, P-DRI, prices moved down to INR 32,500/t exw against INR 32,900/t on 6 Sept’22.