India: Jharkhand mills conclude 6,700 t billets, sponge iron deals

  • Jharkhand-based steel mills concluded 1,800 t of billet deals at INR 48,000-48,200/t exw-Ramgarh.
  • 3,400 t of P-DRI and 1,500 t of C-DRI (FeM 78%) deals were confirmed at INR 31,800-32,000/t and INR 34,500-34,600/t exw respectively.
  • Trade activities picked up as buyers who were in immediate need turned active in the market as prices dropped.

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