India: Pellet prices remain largely stable in Bellary
Pellet (Fe 63%) prices in Bellary inched down by INR 50/t to INR 10,850/t exw today compared to 22 Dec'23. Around 11,000 t of pellet deals were recorded at INR 10,800/t exw. Increased fines prices and active export deals are keeping the pellet offers high in the region. However, sponge (P-DRI) prices decreased by INR 1,050/t w-o-w to INR 27,350/t exw.