India: Jharkhand mills conclude around 5,000 t billets, sponge iron deals

  • Jharkhand-based steel mills concluded 2,100 t of billets deals in a price range of INR 44,300-44,700/t exw Ramgarh.
  • 1,200 t of P-DRI and 1,400 t of C-DRI (FeM 78%) deals were confirmed at INR 28,600-28,800/t and INR 31,300-31,500/t exw Ramgarh, respectively.
  • Market remained less active and trade volume had been comparatively low than yesterday. Buying interest was impacted due to instability in the market.

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