Around 2,500 t of billet deals were reported by Ramgarh, Jharkhand-based plants, out of which 1,200 t of low-carbon billets were sold at INR 42,000/t exw on advance payment basis to buyers in Mandi Gobindgarh, Punjab.
The freight cost to Mandi Gobindgarh is estimated at around INR 2,800/t via road, sources informed.
The remaining 1,300 t of mild steel billet deals were concluded at around INR 41,200-41,300/t exw-Ramgarh.
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