India: Bellary's pellet prices remain stable in recent deals
Pellet (Fe63%) prices in Bellary, India, remained stable at INR 10,500/t ($124/t) exw on 15 Nov'24 compared to 12 Nov. Deals of around 21,000 t were concluded at INR 10,400-10,600/t ($123-126/t) exw. Weak sponge and steel markets sentiments weighed on prices, but producers kept the offers unchanged due to moderate trades. Notably, sponge PDRI prices decreased by INR 850/t ($10/t) w-o-w to INR 25,950/t ($307/t) exw.