Pellet (Fe 63%) prices in Bellary, Karnataka dropped by INR 50/t to INR 10,550/t exw on 16 Feb’24 compared to 13 Feb. Deals of around 12,500 t were concluded at INR 10,500-10,700/t exw. Lacklustre activities witnessed in the region, mill players have booked material at need basis. Meanwhile, sponge (P-DRI) prices have decreased by INR 100/t w-o-w to INR 26,150/t exw.
