India: Pellet prices inch down in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary inched down to INR 9,600/t exw today as against INR 9,800/t on 26 July, as per SteelMint assessment.

• Confirmed deals of 31,000 t were recorded in this publishing window at around INR 9,600-9,650/t exw. The market is down due to lower demand amid monsoons.
• However, pellet-based sponge iron, P-DRI, prices moved up to INR 34,300/t exw against INR 34,050/t on 26 July.