India: Jharkhand mills conclude 5,400 t of billets, sponge iron deals

  • Jharkhand-based steel mills concluded 1,400 t of billet deals in a price range of INR 44,300-44,500/t exw. 1,200 t LC billets were also sold at INR 44,500/t exw Ramgarh.
  • 2,100 t of P-DRI and 700 t of C-DRI (FeM 78%) deals were confirmed at INR 29,900-30,000/t and INR 32,000-32,300/t exw Ramgarh, respectively.
  • Buying was still on hold due to sufficient bookings in hand last week. Also, transactions remained limited on low interest.

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