Pellet (Fe63%) prices in Bellary remained stable at INR 10,550/t ($126/t) exw on 18 Oct’24 compared to 15 Oct. Deals of 22,000 t were concluded at INR 10,500-10,800/t ($125-128/t). Decent trade was witnessed, as market participants awaited further price correction amid weakening sponge sentiments. Sponge PDRI prices fell by INR 650/t ($8/t) w-o-w to INR 27,000/t exw ($321/t).
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