India: Pellet prices in Bellary decrease in recent deals

SteelMint’s assessment for iron ore pellet (Fe 63%) prices in Bellary decreased to INR 10,300/t today against INR 10,600/t on 28 Dec.

• Confirmed deals for 5,000 t were recorded at around INR 10,000/t exw.
• Pellet-based sponge iron, P-DRI, prices inched down to INR 30,100/t exw against INR 30,200/t on 28 Dec.