India: Pellet prices rise in Karnataka’s Bellary as trade gains momentum

Pellet (Fe 63%) prices in Bellary, Karnataka increased by INR 100/t to INR 10,500/t exw on 12 Apr’24 compared to 9 Apr. Deals of 22,000 t of pellets were concluded at INR 10,350-10,700/t exw. Major pellet producers have not floated offers post holidays, whereas some trade activities have been recorded at higher levels supporting pellet prices in the region.