India: Pellet prices in Bellary remain range-bound in recent deals

SteelMint’s assessment for iron ore pellet (Fe 63%) prices in Bellary remained stable at INR 10,250/t exw today.

• Confirmed deals for 8,000 t were recorded in this publishing window at around INR 10,100-10,500/t exw.
• Pellet-based sponge iron, P-DRI, prices increased up to INR 30,750/t exw against INR 30,300/t on 7 Jan.