India: Over 50,000t of pellet deals recorded in Bellary

SteelMint’s assessment for Bellary iron ore pellet (Fe 63%) stands at INR 12,500-12,600/t exw, down compared to the last assessment of INR 12,850/t on 10 Aug’21.

• Confirmed trade of about 64,000 t of pellet have been recorded at INR 12,500-12,600/t exw in the last three days.
• NMDC has put on offer 34,000 t of pellets (Fe 63.5%) for sale at INR 11,950/t FOT Donimalai. The price validity is till 26 Aug.
• SteelMint’s assessment for Bellary P-DRI remains largely stable at INR 29,600/t exw.