Pellet (Fe63%) prices in Bellary, Karnataka decreased by INR 100/t ($1/t) to INR 9,900/t exw on 12 Jul’24 compared to 9 Jul. No deal was recorded in this publishing window. NMDC’s recent price cut announcement by around INR 400/t for its upcoming auction and absence of deals have weighed on pellet prices. Meanwhile, sponge iron (P-DRI) prices dipped by INR 200/t w-o-w to INR 26,150/t exw today.
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