India: Jharkhand mills conclude 3,800 t of billets, sponge iron deals

  • Jharkhand-based steel mills concluded 1,600 t of billets deals in a price range of INR 44,300-44,500/t exw-Ramgarh.
  • 1,400 t of P-DRI and 800 t of C-DRI (FeM 78%) deals were confirmed at INR 29,400-29,600/t and INR 32,000-32,300/t exw-Ramgarh.
  • Lack of buying interest and lower demand impacted spot trades in the region. However, poor sale in finished products also responsible for slow semi’s movement, as per market participants.

Comments

Leave a Reply

Your email address will not be published.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