India: Pellet prices rise by INR 100/t in Bellary

Pellet (Fe63%) prices in Bellary, Karnataka rose by INR 100/t to INR 10,600/t exw on 7 Jun’24 compared to 4 June. Deals of around 30,000 t were concluded at INR 10,600-10,700/t in this publishing window. Active deals in the region have kept prices supported. However, sponge iron (P-DRI) prices dropped by INR 150/t w-o-w to INR 27,700/t exw today.