Pellet (Fe 63%) prices in Bellary, Karnataka remained stable at INR 10,500/t exw on 3 May’24 compared to 30 Apr. Deals of around 36,000 t pellet concluded in this publishing window amid active buying interest by the steelmakers. Sharp increase in sponge PDRI prices has supported pellet offers. Meanwhile, sponge (P-DRI) prices increased by INR 850/t w-o-w to INR 28,200/t exw today.
