As per the sources, Bellary based pellet maker has sold around 10,000 MT at INR 6,900/MT (EXW) recently. One of the pellet makers from Bellary is not offering pellets today as they have fewer stocks to offer.
P-DRI prices in Bellary also increased by INR 800-1,000/MT W-o-W to INR 18,800-19,000/MT this week against INR 18,000/MT (EXW) last week. In a month’s time, sponge prices have increased sharply by INR 2,100-2,300/MT (EXW) as against INR 16, 700/MT.
Jamshedpur pellet maker also increased offer by INR 100/MT-: Jamshedpur based pellet makers increased offer by INR 100/MT to INR 6,600/MT against last offer at INR 6,500/MT (EXW). Recently they have concluded a deal for 10,000 MT pellets at INR 6,500/MT(EXW).