India: Pellet prices remain stable in Bellary, Karnataka

Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,700/t exw on 23 Apr’24 compared to 19 Apr. Deals of around 22,000 t were heard at INR 10,500-10,800/t exw. Pellet offers remain supported in the region in the recent deals. However, sponge (P-DRI) prices decreased by INR 300/t w-o-w to INR 27,700/t exw today.