India: Pellet prices dip INR 100/t ($1/t) in Bellary on muted trading
Pellet (Fe63%) prices in Bellary decreased by INR 100/t ($1/t) to INR 10,300/t ($123/t) exw on 29 Oct'24 compared to 25 Oct. 2,000 t of deals were concluded at INR 10,300/t ($123/t). Pellet prices remained under pressure as trade activity slowed before Diwali, and finished steel prices continued to decline. PDRI prices decreased by INR 200/t ($2/t) d-o-d to INR 26,000/t exw ($309/t).