India: Pellet prices in Barbil increase in recent deals

Pellet prices in Odisha’s Barbil increased this week.

• The current assessment for iron ore pellets (Fe 63%) stands at INR 12,100/t loaded on to wagon, up INR 600/t against 1 Mar’22.
• Deals for 28,000 t of pellets were recorded at INR 12,000-12,200/t during the present assessment period.
• Hike in pellet export prices amid increased EU inquiries has boosted domestic offers.