India: Jharkhand mills conclude over 4,700 t billet, sponge iron deals

—

Jharkhand mills concluded 2,000 t of billet deals at INR 48,000-48,200/t exw-Ramgarh.
1,700 t of P-DRI and 1,000 t of C-DRI (FeM 78%) deals were confirmed at INR 31,800-32,000/t and INR 34,700-34,900/t exw-Ramgarh, respectively.
The market remained less active than yesterday due to subdued demand. Uncertain trends forced buyers to hold their positions. Buying enquiries from the NCR (Uttar Pradesh) region fell due to continuous rainfall.

Comments