Karnataka: Pellet prices inch up in Bellary amid improved buying interest

Bellary's pellet (Fe63%) prices inched up by INR 50/t ($1/t) to INR 9,500/t ($114/t) exw on 27 Sep'24 compared to 24 Sep. Deals of 25,000 t concluded at increased offers of INR 9,300-9,500/t ($111-114/t). Rise in sponge P-DRI prices and moderate trade at recent offers have supported pellet prices in the region.