India: Pellet prices inch down in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary inched down to INR 9,850/t exw today as against INR 10,000/t on 19 Aug, as per SteelMint assessment.

• Confirmed deals of 6,000 t were recorded in this publishing window at around INR 9,600-10,200/t exw.
• Pellet-based sponge iron, P-DRI, prices moved down to INR 34,100/t exw against INR 34,500/t on 19 Aug’22.