Author: Sagar
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India: Jharkhand mills conclude 4,500 t billets, sponge iron deals
Jharkhand-based mills sold 1,700 t of billets in a price range of INR 47,700-48,000/t exw-Ramgarh. 1,500 t of P-DRI and 1,300 t of C-DRI (FeM 78%) deals were confirmed at INR 31,800-32,000/t and INR 34,000-34,200/t exw respectively. The market witnessed slow demand throughout the day. While sponge iron offers corrected slightly, billet offers remained unchanged.…