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

  • Jharkhand-based steel mills concluded 2,300 t of billet deals in a price range of INR 46,800-47,100/t exw-Ramgarh.
  • 2,400 t of P-DRI and 1,500 t of C-DRI (FeM 78%) deals were confirmed at INR 30,700-31,000/t and INR 33,600-33,800/t exw-Ramgarh respectively.
  • Spot trades improved on d-o-d basis amid demand recovery. Buying positions were made with an eye on securing margins in an uncertain market scenario.

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