India: Pellet prices inch down by INR 50/t in Bellary
Pellet (Fe 63%) prices in Bellary dropped by INR 50/t to INR 10,800/t exw today compared to 26 Dec'23. Around 3,000 t of pellet deals were recorded at INR 10,800/t exw. Continuous downtrend in sponge prices has made pellet players to lower their offers in the region. Meanwhile, sponge (P-DRI) prices decreased by INR 850/t w-o-w to INR 26,600/t exw.