India: Pellet prices remain largely stable in Bellary, Karnataka
Pellet (Fe63%) prices in Bellary decreased by INR 50/t ($1/t) to INR 10,250/t ($122/t) exw on 5 Nov'24 compared to 2 Nov. Deals of 15,000 t were concluded at INR 10,200-10,500/t ($121-125/t). Low trading activity post Diwali was witnessed, and stability in sponge iron supported pellet prices in the region. PDRI prices remained stable w-o-w at INR 26,000/t exw ($309/t).