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

  • Jharkhand-based steel mills concluded 2,300 t of billets deals in a price range of INR 43,200-43,500/t exw-Ramgarh.
  • 3,300 t of P-DRI and 1,100 t of C-DRI (FeM 78%) deals were confirmed at INR 29,300-29,500/t and INR 31,800/t exw respectively.
  • Trade volumes showed a marginal improvement as compared to yesterday. However, offers floated by sellers were at the lower levels throughout the day.

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