India: Jharkhand mills conclude 2,800 t billets, sponge iron deals

  • Jharkhand-based steel mills concluded 1,200 t of billets deals in the price range of INR 45,600-45,700/t exw Ramgarh.
  • 900 t of P-DRI and 700 t of C-DRI (FeM 78%) deals were confirmed at INR 29,400-29,500/t and INR 32,000-32,100/t exw Ramgarh, respectively.
  • Market participants seemed to be more cautious in the high volatile market, resulting in lesser enquiries today which deepened spot trade volumes d-o-d.

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