India: Semi-finished steel trade slows down in Jharkhand

  • Jharkhand-based mills sold 3,500 t of billets at INR 47,200-47,500/t exw-Ramgarh, on advance payment basis.
  • Also, 4,000 t of sponge iron deals were concluded out of which, 2,000 t each of P-DRI (FeM 78%) and CDRI (mix material, FeM 78%) material was sold at INR 30,300-30,500/t and INR 32,200-32,500/t exw-Ramgarh respectively.
  • Trade has slowed down today as buyers had booked sufficient material in the last couple of days.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *