India: Jharkhand mills conclude over 5,500 t billets, sponge iron deals

  • Jharkhand-based steel mills sold 2,300 t of billets in a price range of INR 47,600-47,800/t exw-Ramgarh.
  • 3,500 t of P-DRI deals were confirmed at INR 32,000-32,300/t exw of which 2,500 t were sold by a Jamshedpur-based mill.
  • Overall spot trading remained moderate. Although sellers tried to hike semis offers following price recovery in Mandi market, deals could not be concluded at increased levels.

Comments

Leave a Reply

Your email address will not be published.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