India: Jharkhand mills conclude 6,000 t billets, sponge iron deals

  • Jharkhand-based steel mills sold around 2,250 t of billets at a price range of INR 48,100-48,300/t exw-Ramgarh.
  • Around 2,650 t of P-DRI and 1,100 t of C-DRI (FeM 78%) deals were confirmed at INR 33,100-33,400/t and INR 35,200-35,400/t exw-Ramgarh respectively.
  • The market witnessed firm demand throughout the day. However sponge iron sellers are less likely to reduce offers due to steady raw material prices, especially that of coal, pellets.

Comments

Leave a Reply

Your email address will not be published.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