Pellet (Fe63%) prices in Bellary, Karnataka fell by INR 100/t ($1/t) to INR 9,800/t ($117/t) exw on 16 Jul’24 compared to 12 Jul. Around, 9,000 t of deals were recorded at INR 9,700-9,750/t in this publishing window. As per sources, a few deals at lower offers to sponge iron producers and prevailing bid-offer disparity have weighed on pellet offers.
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