India: Bellary's pellet prices climb up by INR 150/t ($2/t) following hike in offers

Pellet (Fe63%) prices in Bellary, India, rose by INR 150/t ($2/t) to INR 10,500/t ($124/t) exw on 12 Nov'24 compared to 8 Nov, following a hike in offers. Deals of around 32,000 t were concluded at INR 10,300-10,600/t ($122-126/t) exw. Pellet offers climbed up amid rising sponge iron and finished steel prices. Notably, sponge PDRI prices increased by INR 800/t ($9/t) w-o-w to INR 26,800/t ($318/t) exw.