India: Jharkhand mills conclude 2,600 t billet deals

  • Jharkhand-based steel mills sold 2,600 t of billets at a price range of INR 48,700-49,000/t exw-Ramgarh.
  • Around 2,000 t of sponge iron P-DRI was sold at INR 31,800-32,000/t and 1,300 t of C-DRI, FeM 78% at INR 33,800-34,000/t exw-Ramgarh.
  • Sellers have sufficient bookings in hand and hence they are mainly focusing on clearing pending and old orders.

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