India: Jharkhand mills conclude 2,700 t billet, sponge iron deals

  • Jharkhand-based steel mills concluded 1,000 t of billets deals in a price range of INR 43,300-43,500/t exw Ramgarh.
  • 800 t of P-DRI and 900 t of C-DRI (FeM 78%) deals were confirmed at INR 27,900-28,000/t and INR 30,500-30,700/t exw Ramgarh, respectively.
  • Due to weak demand, semis offers fell sharply. Hence, buying confidence was affected as a result low trading activities have been noticed.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *