India: Pellet prices inch up by INR 200/t in Bellary
Pellet (Fe 63%) prices in Bellary inched up by INR 200/t to INR 10,800/t exw today compared to 12 Dec'23 levels. Around 13,000 t of pellet deals were recorded at INR 10,650-10,750/t exw. Hike in iron ore and sponge prices in the region supported pellet prices. Meanwhile, sponge P-DRI prices increased by INR 550/t w-o-w to INR 28,650/t exw.