India: Semis offers rise on active demand in Jharkhand

• Jharkhand-based mills sold 4,500 t of billets at INR 44,900-45,100/t exw Ramgarh, on advance payment basis.
• Also, 8,500 t of sponge iron deals were concluded out of which 4,700 t P-DRI (FeM 78%) was sold at INR 29,800-30,000/t and 3,800 t of CDRI (mix material, FeM 78%) deals were confirmed at INR 31,900-32,100/t exw Ramgarh.

Active buying was seen in the market as demand resumed after a few non-working days.