India: Pellet prices inch up in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary inched up to INR 9,750/t exw today as against INR 9,600/t on 29 July, as per SteelMint assessment.

• Confirmed deals of 11,000 t were recorded in this publishing window at around INR 9,800/t exw.
• Pellet-based sponge iron, P-DRI, prices inched up to INR 34,400/t exw against INR 34,300/t on 29 July. Increase in sponge iron prices kept pellet demand supported.