Pellet (Fe63%) prices in Bellary, Karnataka dipped INR 150/t to INR 10,150/t exw on 25 Jun’24 compared to 21 June. No deals were recorded in this publishing window. Continuous drop in sponge iron and finished steel prices have forced pellet-makers to reduce their offers. Meanwhile, sponge iron (P-DRI) prices decreased by INR 1,000/t w-o-w to INR 26,000/t exw today.
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