Pellet (Fe63%) prices in Bellary, Karnataka remained stable at INR 10,550/t exw on 14 Jun’24 compared to 11 June. Deals of around 15,000 t were concluded at INR 10,600-10,700/t in this publishing window. Stability in raw material prices and need basis restocking before monsoon have supported pellet prices in the region. However, sponge iron (P-DRI) prices dropped by INR 650/t w-o-w to INR 27,050/t exw today.
