India: Pellet prices increase in Bellary, Karnataka

Iron ore pellet (Fe 63%) prices in Bellary rose to INR 10,000/t exw today as against INR 9,800/t on 8 July, as per SteelMint assessment. Prices hit over a month-high since end-May’22. Confirmed deals of 8,000 t were recorded in this publishing window at around INR 9,900-10,000/t exw. Pellet-based sponge iron, P-DRI, prices stood at INR 35,050/t exw against INR 34,400/t on 8 July.


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