India: Pellet prices increase in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary increased to INR 8,750/t exw today as against INR 8,450/t on 21 June, as per SteelMint assessment.

  • Confirmed deals of 4,000 t were recorded in this publishing window at around INR 8,400/t exw. Tight availability of iron ore has kept pellet demand supported.
  • Pellet-based sponge iron, P-DRI, prices increased to INR 33,350/t exw against INR 32,350/t on 21 June.

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