Author: Sagar
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India: Healthy volumes of billets, sponge iron traded at increased offers in Jharkhand
Jharkhand-based steel mills sold 3,000 t of billets in a price range of INR 47,500-47,800/t exw-Ramgarh. 2,850 t of P-DRI and 1,200 t of C-DRI (FeM 78%) deals were confirmed at INR 32,300-32,500/t and INR 34,300-34,500/t exw-Ramgarh respectively. Interestingly, active trading was seen today in the spot market at increased offers.