Pellet (Fe 63%) prices in Bellary, Karnataka inched down by INR 50/t to INR 10,750/t exw on 2 Feb’24 as compared to 30 Jan’24. Deals of around 16,000 t of pellets were concluded at INR 10,700-10,800/t exw. Active bookings from buyers and increased iron ore prices kept pellet offers firm. Meanwhile, sponge (P-DRI) prices also stood stable at INR 26,450/t exw.
