India: Bellary's pellet prices drop by INR 200/t ($2/t)
Pellet (Fe63%) prices in Bellary, India, dropped by INR 200/t ($2/t) to INR 10,300/t ($122/t) exw on 19 Nov'24 compared to 15 Nov. Deals of around 10,000 t were concluded at INR 10,300-10,400/t ($122-123/t) exw. Pellet producers reduced their offers due to falling sponge prices in the region. Notably, sponge PDRI prices dropped by INR 1,100/t ($13/t) w-o-w to INR 25,700/t ($304/t) exw.