India: Pellet prices in Bellary range-bound

Iron ore pellet (Fe 63%) prices in Bellary, Karnataka remained range-bound at INR 10,200/t exw today, as per SteelMint assessment.

• Deals for 2,000 t were confirmed in this publishing window at around INR 10,200/t exw. Drop in sponge prices may result in lowering of pellet offers in the near term.
• Pellet-based sponge iron, P-DRI, prices moved down to INR 36,050/t exw against INR 37,200/t on 22 April.